Bank of America blindsiding cardholders? - MSN Money
The Basics2/8/2008 12:01 AM ET . Credit card issuers have drawn fire for jacking up interest rates on cardholders who aren't behind on payments . Now, some consumers complain, Bank of America is increasing rates based on no apparent .
The Essentials: Your guide to credit - Bank of America
Missing payments will hurt your credit rating and can expose you to interest rate increases with your existing card, or future loans. That's because, when creditors .
Bank of America | Investor Relations | Financial Releases
Supplemental third quarter 2008 financial information . Credit card held net charge offs increased to $1.24 billion, representing a net . Credit card managed net credit losses rose to $3.00 billion, representing a loss rate of 6.40 percent.
Why banks are boosting credit card interest rates and fees ...
Nov 9, 2008 . Updated 11/14/2008 3:00 PM | Comment | Recommend, E-mail | Print | Reprints . Part 3: Credit cards' soaring rates bite consumers . the largest issuers of credit cards packaged an increasing amount of card debt into . Newsom, for example, began relying heavily on his Bank of America credit card after .
Additional findings from the survey are:
White House and Congress target credit card rates - USATODAY.com
Apr 22, 2009 . The movement to reform credit card practices is gaining speed as the White . As issuers raise fees and interest rates, consumers shouldn't be afraid . From March 2007 through February 2008, about 70 million credit card accounts . Over the past two years, Bank of America has raised rates for about 14% .
Bank of America Doubling Credit Card Interest Rates Even on Good ...
Bank of America is more than doubling interest rates on credit cards even if you have been . Feb 9, 2008 "Share your voice on Yahoo! websites. . Bank of America is giving no explanations for these increases, according to the five letters that .
How to Reject Your Bank of America Rate Increase - Democratic ...
Cut the card up (your credit score will go down if you close the . Those of you who received rate increase notices from Bank of America or other banks recently, . We must receive your written response by February 19, 2008.
Credit card rates jumping - Sep. 26, 2008
Sep 26, 2008 . When John Dykstra got his September credit card bill from Advanta, . 2008 survey of card companies, Bank of America, Citi, and Capital One have recently said . The survey revealed that 37% of banks have increased rates, .
How to Reject Your Credit Card Rate Increase | Credit.com News + ...
Feb 11, 2008 . In the Bank of America rate increase letter it states the following,. You do not . We must receive your written response by February 19, 2008. . Include your credit card number and full name along with your rejection request.
On introductory bonuses, the survey found that:
Have a Bank of America Credit Card...warning! - Dollar Stretcher ...
29, 2008 to send a LETTER of REJECTION in WRITING to the . "Bank of America Amendments of Credit Card Rate Increase + rejection.
Uh-Oh: Bank Of America Credit Card Delinquencies Increase For ...
Oct 17, 2011 . It was the first increase Bank of America reported for delinquencies, as they are. . and Exchange Commission that the rate it wrote off credit card balances . rate dropped below 6 percent since before the 2008 financial crisis.
Big Bank Profile: Bank of America
Credit card income for first half of 2009: $5.01 billion . In July 2008, BofA acquired Countrywide Financial, which at the end of 2007, had $15.1 billion . Recent reports reveal that BofA has continued to raise interest rates on cardholders who .
8 New Credit Card Reform Rules You Should Know | Shrinkage Is ...
Dec 17, 2008 . If a card holder is subjected to interest rate hikes due to legitimate reasons, card holders . BillShrink Guy December 18, 2008 at 10:35 am . And, BofA, unlike any of my other credit cards refuses to accept payments made .
Citibank Credit Cards Will Get Higher Interest Rates
By LaToya Irby, About.com GuideNovember 15, 2008 . If you have a Bank of America credit card, you may have recently received notification of an interest . As always, you can opt-out of the interest rate increase and, from what I've read ( via .
For more information for boomer consumers, see my blog 2008 credit card debit statistics.