Bank of America just informed me that they are assessing an annual fee to my credit card. The reason they gave was poor credit. This is totally ridiculous as I owe nothing. Nothing.
I pay my credit card off every month. I think that’s what they’re annoyed at ... they don’t get any interest from me.
I don’t mind paying the fee ... it’s small and worth it for the convenience of the card, but why are they lying about the reason?
There was an article posted at FreeRepublic a few days ago that dealt with announcements of impending fees and fee increases fro bank customers, thank you dhimmicrats. I’ll see if I can find it.
According tot he article it looks like most banks are affected, most credit unions won’t be playing, and credit card accounts will be hit as well.
BOA = filthy whores.
I had my mortgage with CountryWide who got bought out by BOA...from bad to worse. I had no choice in the matter.
I truly HATE BOA. I'd rather bank with “Uncle Paulie” or Pablo Escobar (yes, I know he's dead).
They tried that with me. I said, "What a pity, I have been a cardholder so long. Where would you like me to send the peices after I run the card through the shredder?"
No annual fee.
You aren't their slave. You have options.
Actually in the world of credit, if you owe nothing then you have poor credit. It is ridiculous I know but their reasoning is that if you don’t use credit, you therefore have no credit rating.
This is nothing new. In the 1970’s I wanted to apply for a small mortgage to buy a condominium. I had no credit cards, paid my bills on time, and had plenty of monthly income to support loan payments on a mortgage. I was told that I didn’t qualify because I had a poor credit rating because I had no credit card or loan balances. I was told that in order to qualify for a mortgage I would have to first go out and apply for credit cards and use those that were approved, and not pay them off every month, instead making the minimum payments on the cards. I was told that after two years of this I would have established sufficient credit background to qualify for a mortgage. I did this and then was approved for a small mortgage.
Now for a number of years mortgage lenders more or less threw out credit guidelines and made mortgage loans to many who did not qualify, which has resulted in the housing crisis. Because of this many lenders are now going back to the tried and true lending practices to avoid future losses.
Citibank AAdvantage (American Airline frequent flyer) 75K to 225K bonus miles
Amex Delta Gold 30K to 100K bonus miles
Chase/Continental 50K bonus miles
Chase/Southwest -- 2 free roundtrips
Amex Platinum -- Airport club access
Nothing special about BofA cards.