Freedomtodiscover wrote:What made you opt for Wells Fargo offering vs say the BoA Americard?
I think I was in the middle of answering that as you typed the reply, but thought I'd elaborate more. I have a hate/really, really hate relationship with BoA which spans at least a couple of decades. By Bank of America, I don't mean the California bank which was operating as Bank of America for 100 years... I mean the clowns in Charlotte, NC who were once NCNB, then NationsBank, and then bought out the aforementioned CA bank and took their name. One of my first bank accounts was with NCNB and the experience left me with a bitter taste in my mouth and I closed the account and moved to C&S Sovereign... who was bought by NCNB within a year and became NationsBank. I gave them another shot and regretted it. Moved my money to BankSouth who was bought out by NationsBank. Moved my money to Barnett Bank who was (you guessed it) bought out by big red and blue again...
So my banking relationship with Bank of America consists of a grandfathered eChecking account with no fees as long as I don't do transactions in a branch (hard to do since there are no branches within 1000 miles). I have a tiny amount- less than 1% of my paycheck- deposited into the account and then quickly have an ACH moving that money elsewhere. Just enough money to keep BoA from closing the account for being dormant. Occasionally, I'll get calls from BoA peeps wanting to know if I want to expand my relationship with them and I just laugh.
Not that Wells Fargo is much better, but at least they've never screwed me over. I've yet to pay a single fee with WF even though I only have slightly more in their bank. I keep most of my cash at Schwab.
In my Wallet:
Sometimes in my Wallet:
- Amex PRG NPSL[3-14, bd 91]
- Sallie Mae MC $8000[1-14]
- Chase Freedom $4700[1-14]
- Discover It $2750[8-13]
- BoA UCF Alumni Cash Rewards $5000 [3-15]
- GM BuyPower WEMC $5000[9-14]
- Wells Fargo Propel 365 Amex $7000[4-14]
- Barclaycard Arrival WEMC $7000[3-14]
- BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450