Posted on Wednesday, 7th October 2009 by CreditCardGuru
As you may have heard, last month a California woman named Ann Minch decided to take a stand against the rising interest rates on her Bank of America credit card. According to her, she had been their customer for 14 years. Recently, they decided to jack her rate from 12.99% to 30%.
She called B of [...]
Tags: ann minch, bank of america, debtor's revolt
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Posted on Wednesday, 15th July 2009 by Sam
What is the biggest credit card purchase in history? Here’s the answer… sort of…
Imagine opening up your monthly credit card statement to discover that you owe $23 quadrillion dollars! Well, around 13,000 cardholders of Bank of America’s prepaid cards saw exactly that - an amount that is more than the entire planet’s GDP! Of course, [...]
Tags: bank of america, credit cards, visa
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Posted on Wednesday, 10th June 2009 by CreditCardGuru
Do you own a U.S. Airways Dividend credit card? Then you may be asking “Why did my U.S. Airways switch from Visa to MasterCard?” Well, it is very unusual for a financial institution to change from MasterCard to Visa and vice-versa. Historically, you only see this occur during a mergers and acquisitions, when the two [...]
Tags: airline credit cards, bank of america, barclaycard, mastercard, u.s. airways dividend, visa
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Posted on Tuesday, 5th May 2009 by CreditCardGuru
Warning: You may get a Bank of America credit limit decrease for absolutely no valid reason. Today I received this letter in the mail from B of A, chopping my credit limit from over $16,000 to $8,500 on my Financial Rewards Visa Platinum card:
Dear [NAME REMOVED]
Thank you for being a valued customer. We appreciate the [...]
Tags: b of a credit card, bank of america, bank of america credit card, bank of america credit limit decrease, credit cards
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