(Updated Oct 7, 2013) Does anyone know how to cancel a Bank of America credit card online? And is canceling it bad because it has a long account history with it? The card is not completely terrible but I have my complaints. I saw the other thread on this forum today about the cancellation of Capital One and have many of the same concerns as they do.
This was not a card I ever applied for. When I opened my checking account a long time ago I was automatically given a credit card without asking. I never wanted it to begin with.
More recently I have started to understand how the rewards work and I hate how it takes 25,000 World points ($25,000 in spending on my account) to get the full value. If I redeem for amounts less than the payout is lower per point . I don't like that.
Lastly, my credit limit was lowered and APR was increased during the recession. Mind you, I rarely have a balance but that doesn't matter it is the principle. Why should a long time Bank of America credit card and checking account customer have an interest rate that is nearly 20%.