Bank of America Complaint - Low fixed APR's bumped to high variables
MARKESAN, WISCONSIN -- Bank of America is quick to take bail out money, but watch the little inserts they include with your billing statements where they are bumping you from a fixed low(9.99%) to a variable rate like 25.99%, claiming that you have excessive credit cards and high limits. In our case we refinanced 2 months prior to the last statement and consolidated our debt. with the exception of Bank of America (maybe thats why!!). Always made more than the minimum due and never went over our limit but yet they want to take away our fixed and move us to a variable. They can take the bail out money which rides on us tax paying citizens backs and yet they turn around and bend over the card carrying customer.
Our hat goes off to DISCOVER CARD, my wife called them and they said they would be happy to transfer the remaining balance from BofA and keep us at a fixed APR of 9.99%.
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