Bank of America Complaint - Cancelling credit card for no reason
PORTER, TEXAS -- My husband and I own a business and used Bank of America credit cards all the time. We had a combined credit limit of $62,000.00. We have never been late. We always paid above the mininum amount. 1/7/2011 they cancelled our business card which had a balance of $2000.00 and a credit limit of $16,000.00. They also lowered the credit limit on another account from $31,000.00 to $12,000.00. They never called us, we found out when we went to use it. When we called customer service they told us they can't give credit like they used to and we had too many Bank of America cards. We were considered to high risk. Even though we had never been late and had been a customer since 2002. I am now changing to other banks and I will be cancelling all my cards with them.
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