Bank of America Informative - Boycott Bank of America!
I had a Bank of America Credit card, a high FICO score (over 770), had not been late with a single payment on my Bank of America card or any other account, and Bank of America raised my interest rate to 24.99%.
Needless to say I called and asked for a reduction--not once but three times. It was only after it was apparent that I was paying the account off and had stopped using the card that Bank of America finally lowered my rate to a reasonable 10.99%. By then it was too late, I was already so angered by the excessive and unfair rate charged that I have stopped using their card. Frankly, I find a 24.99% interest rate to be immoral and repugnant.
To protect ourselves from predator corporations like Bank of America, what is needed is a boycott of Bank of America. When MBNA (another credit card company) did this same high interest rate scam, so many customers closed their accounts that MBNA was forced to sell its operations. This is the treatment we need to give to bank of America. Especially since one of its executives is scheduled to make a salary of $29 million per year.
A boycott could be wonderfully effective. Bank of America is already losing money and with some help from all of us, we can stand up to Bank to America. Boycott Bank of America!
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