Humanity Against Bank Of America Informative - Humanity
I will fist say, I am a Bank Of America customer. Have been for 10 years, all with zero issues.
As of late, there have been a dozen complaints against Bank Of America for credit card rate increases. If one uses credit cards as a means of daily living, and the balance is extremely high, then yes a rate increase would be significant. The average American has approximately $60k in credit card debt. Some far less, some far more.
The real issues lies in the way humanity lives on their credit cards. They should not be for daily purchases, but for emergencies, one time purchases etc.
Live within your means, not on credit cards, and all this rate increase won't mean a thing. In my 45 years, I have paid upfront for all my purchases. Major ones included.
Keep better account checks and balances, pay cash for items you "need", not want. Wants are not "needs". Life does go on without that fancy Gameboy or new hair style.
Lastly, stop complaining about what is your own fault. Simply live within your means.