Review and analysis of over 406 complaints against Bank of America
Bank of America consumers have reported over 406 official complaints related to APR or interest rate. Out of the 406 consumer complaints against Bank of America, 17% were disputed by the consumer (i.e. the consumer was not happy with how Bank of America responded to their complaint) and 97% were processed in a timely manner. 16% of consumer complaints against Bank of America resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 9% resulted in non-monetary compensation.
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Bank of America Credit card apr or interest rate March 31, 2017 - I have a Bank of America credit card. Last -/-/- I took advantage of 0 % APR balance transfer offer that they had that offered a balance transfer at 0 % APR until -/-/2018 for a one-time transfer fee. I have transferred balances to this credit card earlier without any issues so I was not expecting any problems this time. However, when I happened to check my credit card balance this month, I noticed that I was being charged a 1.99 % APR. I have tried calling Bank of America several times and even spoke to one of their supervisors but could not get anyone to help with fixing this. The Cus... |
Bank of America Credit card apr or interest rate March 15, 2017 - I applied for a credit card in mid -/-/- with Bank of America. My wife recently applied for a card with them, got a good credit limit and decent interest rate, so I decided to apply for one as well. The balance transfer offer is what really got us, 21 months 0 %. I applied for the card and upon submitting my application I received an email saying it was under review. That was fine, understandable. I was approved the very end of -/-/-/beginning of -/-/-. I received my new card and terms of my new card on -/-/2017. I was very suprised to find that they gave me an interest rate o... |
Bank of America Credit card apr or interest rate March 10, 2017 - Bank of America -. Misleading advertising. " Introductory APR '' " 0 % for 12 billing cycles '' One would think the card has 0 % for 12 months. However, fine print states that " Applies to any balance transfers made within 60 days of opening your account '' and it ONLY applies to balance transfers, not to purchases. Very misleading.... |
Bank of America Credit card apr or interest rate January 31, 2017 - I applied and received a Bank of America credit card 15-20 years ago. The card was issued with a 5.90 % fixed rate. I was just reviewing my statement and noticed that my rate has been changed to a 6.40 % variable rate. Is the issuing agency allowed to change my rate from a fixed ( as agreed ) to a higher variable rate without my knowledge or permission? I contacted Bank of America but they were unwilling to reverse the changes that they made.... |
Bank of America Credit card apr or interest rate January 20, 2017 - I made a balance transfer awhile back for a 0.0 % interest rate until -/-/- with Bank of America. I owe $7700.00 of - on it. I have not used it for purchases for many years. I 've made payments by auto-deduction from BoA. I was stuck at the last minute for a business trip and bought an airline ticket, -/-/-. As soon as I was reimbursed, I paid it to the credit card. Since then, I kept having missed payments, and the minimum payment was always very different. Today I made another call to them, and was told I have 10.49 % interest on my airline ticket purchase. I said I thought th... |
Bank of America Credit card apr or interest rate January 10, 2017 - I opened a credit card that had 0 % interest and made a $14000.00 purchase. On - -, 2016 I was charged $150.00 for interest. I made several calls to BoA and opened a CFPB request when I did not receive my $150.00 refund. On -, I paid $13000.00, which was the entire balance minus the fee. On -, I paid for the $150.00 to prevent future charges while the CFPB investigation was taking place. I received a $150.00 refund on -/-/2016, which was as expected. On -/-/2016, however, I was charged $73.00 additionally for interest. I was not expecting this charge and I... |
Bank of America Credit card apr or interest rate January 10, 2017 - On -/-/- I made a payment of $15000.00. It left a negative balance of - $150.00. On -/-/- I received a refund from a merchant in the amount of $29.00 which left me with a NEGATIVE balance of - $180.00. I made - purchases on -/-/- in the amount of $1400.00 and $110.00. How can I be charged $100.00 for interest on -/-/- when I paid off my entire balance and had a credit??? I believe I was improperly charged interest in the amount of $100.00.... |
Bank of America Credit card apr or interest rate December 30, 2016 - Bank Of America is trying to charge interest on PURCHARES made while there is a balance from a 0 % promo on my account. EVEN if those purchases are paid in FULL at the end of the statement period. I paid a Transfer fee of 3 % when I got the Promo offer. Is this practice even legal? They charged me $2.00 for having the $530.00 on the account from - - to - -, 2016.. Since it was not a full Month, the 11.9 % interest was calculated on $260.00 of the $530.00 for a total of $2.00.... |
Bank of America Credit card apr or interest rate December 21, 2016 - I was charged interest on a card that specifically had 0 % interest. They did n't cancel the fee after countless calls and complaints. I have been with Bank of America for over 7 years and had never been charged interest before - obviously that did n't mean anything to them. I will not be working with BoA again.... |
Bank of America Credit card apr or interest rate December 17, 2016 - -/-/-, I 've noticed that even though I have been paying more than my minimum payment amount and paying it on time, my balance was slow to go down. When I checked my account, I noticed that my fixed interest rate of 10.99 % ( since -/-/- ) was moved to an interest rate of 11.15 % variable. I called Bank of America to ask why my interest rate was switched from a fixed to a variable when I have never not paid my bill, always paid more than the minimum amount and always paid on the due date, Bank of America told me they just did it to me. I asked them was n't that against the law, espec... |
Bank of America Credit card apr or interest rate December 15, 2016 - One month, I paid only - % of my credit card bill ( due to an oversight ). Bank of America charged me interest on 100 % of the bill, rather than the 5 % I owed. This amounted to over 40 % interest in a month, or a APR of over 5500 %. I called to complain, and they reset it, but this is presumably happening to many BoA customers all of the time.... |
Bank of America Credit card apr or interest rate November 14, 2016 - I received a bill from my credit card company in -. I paid the statement balance in full before the - payment due date. On my next statement that I have received, with a payment date of -/-/2016, I am being charged interest on the paid off balance from -. They are telling me that interest was still acrueing (? ) from the - statement closing date until the day I paid it in - - " Residual interest ''. I have other credit cards, and they do n't do that when I pay off the balance. I used a HELOC earlier in the summer to pay off credit card debt, and none of the cards tried to ... |
Bank of America Credit card apr or interest rate October 26, 2016 - I recently noticed on my Bank of America credit card statement that interest was charged that was different from that which had been advertised, and the APR was shown incorrectly. I had responded to a balance transfer offer that specified an interest rate of " - plus 0 % Promotional Rate for the life of your balance transfer ''. The most recent statement shows that Promotional Rate, with Promotional Rate End Date as " No End Date '', but lists Balance Subject to Interest Rate as " $0.00 ''. Instead, there is another line for Fees showing a " - Interest Charge ''. Bank of America ... |
Bank of America Credit card apr or interest rate October 13, 2016 - Bank of America has been in direct violation of the Credit Card Accountability Act of 2009 by constantly applying payments in excess of the minimum required payment to balances with lower APR. After multiple calls, BOA associates have acknowledged the issue and promised to fix it, but nothing was ever done. Furthermore, I 'm fairly certain that the same incorrect interest charges are applied to - other customers. This issue has been going on for more than a year with my account specifically, and I simply have no choice but to file this complaint.... |
Bank of America Credit card apr or interest rate October 11, 2016 - I applied for a Bank of America - - with a - percent promotion for 15 months. I clicked through their website and was approved for the card. Unfortunately, I was not told that I was n't approved for the advertised promotion. I 've since moved my medical bills to that card ( and made other purchases ) and am now paying interest on a card that is even now advertised as - percent for the first 15 months! Feels like bait and switch.... |
Bank of America Credit card apr or interest rate September 28, 2016 - Bank of America has increased my rate steadily from 9.99 % to 25.24 %. They took my whole balance and converted it to the highest rate possible. This all started in -, almost 10 years ago! They have been charging me up to $480.00 a month in interest!!! Unbelievable!!! I have lost over $50000.00 alone in interest on this - card. I 've been trying to pay it down, but the balance originally was $25000.00 and the interest very extreme. I can no longer pay almost $1000.00 a month to just slowly bring down my interest amount, now at $440.00. They 're - me!!... |
Bank of America Credit card apr or interest rate September 22, 2016 - Twice I have been charged interest after paying my balance in full. I have called - times and had the charges reversed but I am afraid people that do n't go over their bills carefully are being charged in error.... |
Bank of America Credit card apr or interest rate July 29, 2016 - I took advantage of a 0.00 % interest rate offer by my Bank of America credit card. When I did so, I in effect was waving having my 30 day grace period for interest to be charged on new purchases. I always pay my balances in full to avoid interest rate fees. I can no longer do that with Bank of America because I know have a 0.00 % promo in effect. What they do now is charge me interest based on the average daily balance, so no matter what I do I will be charged interest on new purchases. This was a classic bait and switch. It may have neen disclosed somewhere in small print on some - page d... |
Bank of America Credit card apr or interest rate July 27, 2016 - Bank of America has a practice with their credit cards and balance transfers that is highly deceptive and borders on fraud. I transferred a balance from a non-BOA card to a BOA MasterCard. The balance transfer offer from BOA was for 0 % interest through -, 2017, with an up-front 4 % balance transfer fee. However, I just learned that their policy is to apply your entire minimum monthly payments, 100 % of those payments, to the balance with the lowest APR, which will naturally be the transfer balance. This effectively eliminates any value from the transfer, while they charge 4 % for the pri... |
Bank of America Credit card apr or interest rate July 14, 2016 - I 've been a Bank of America customer since 1996 and the only reason why I 've continued to use their services is because the long standing credit history is good for my credit score. However, their incessant terrible customer service has finally compelled me to pay the card off in full and to drop the card ( as well as my banking account ) with this poor service institution despite the imminent drop in my credit score. Their interest rates are ridiculous and they are never amenable to lowering the rate, their customer service wait times consistently exceeds 45 mins and the last time I request... |
Bank of America Credit card apr or interest rate July 12, 2016 - I am writing this letter due to what I believe to be misleading and perhaps fraudulent behavior of Bank of America against the consumer regarding interest rates on balance transfers. I opened a Bank of America credit card -/-/- years ago because I was offered a promotional rate of 0 % interest on all charges until - -. I also took advantage of repeated 0 % promotional interest rates for balance transfers. In - - I transferred balances equaling $3900.00. As of my statement for -/-/-- -/-/- my balance were as follows $1900.00. - purchases promotional rate until ... |
Bank of America Credit card apr or interest rate July 5, 2016 - I 've had a bank of america credit card for - years. This month I was charged - $ interest fee on purchases, with a purchases balance of - $ that ran out the - percent apr on -/-/2016. I had been diligently paying the card off, but found out that those payments were always alloted to my promotional 0 % offer of balance transfer currently at - $ that does n't expire for another year. They say they have the right to apply the payments to the oldest promotional offer, but the wierd thing about it is that they intentionally were not showing me that truth on my statements. In m... |
Bank of America Credit card apr or interest rate June 15, 2016 - Bank of America applies credit card payments to the lowest APR first even though there was a law passed in 2009 requiring payments be applied to the highest APR 's first ... |
Bank of America Credit card apr or interest rate May 16, 2016 - - - -, Please know that on - -, - I filed a complaint with the Federal Trade Bureau ( FTC ) and the Consumer Financial Protection Bureau ( CFPB ) against the collection agency - - - - - and - - - ( - ). My reason for filing a complaint against - and -, is because they did not honor the written agreement we had between us. That agreement stated that I hadfive years, at a 0.0 % interest rate, to pay back - - debt. It might interest you to know that, due to my direfinancialsituation in the past, I was forced to make the exact same agreement... |
Bank of America Credit card apr or interest rate May 13, 2016 - I had credit card debt with Bank of America while I was - in the - ( -/-/--/-/- ). After I separated from service, I noticed -/-/- that my card balances were unexpectedly much lower. I called Bank of America to inquire about the reason for the balance change. They told me on the phone that they had incorrectly charged me higher interest than was allowed under the Soldier & Sailor Act and that consequently, they had lowered my balance to adjust what they had illegally charged. So I never saw this money - it was just fraudulent interest followed by elimination of fraudulent... |
Bank of America Credit card apr or interest rate April 29, 2016 - This is a follow-up to Case number : -. Bank of America continued to charge me interest on - -. After calling enterprise customer care resolutions department, they have not returned my call hence I am re-opening this case. Thank you, - ... |
Bank of America Credit card apr or interest rate April 27, 2016 - Back when I was younger, I missed a payment or went over my available credit once or twice on my Bank of America credit card. They hiked my interest rate up to --. I have been paying in full, never going over limit, and keeping my credit card in good standing for the last 3 and a half years and the company refuses to drop my interest rate or increase my limit. ... |
Bank of America Credit card apr or interest rate April 11, 2016 - In - 2009 there was a return payment on my Bank of America credit card account. From that point on I have been charged for a cash advance, and my interest rate went from 7 % to 24 % I have made every payment due and also paid the month of the NSF. My account has remained current from the beginning of the loan until now. I recently contact Bank of Amercia about this discrepancy and they stated it was nothing they could do. Please help.. ... |
Bank of America Credit card apr or interest rate February 29, 2016 - Bank of American is charging me for " residual interest '' but can not produce any documentation, disclosure or terms and conditions for the card, talking about this residual interest. The bank representative and manager told me I was supposed to hold on to the paperwork I got with my card when I first received it years ago ; they said that was the only way for me to get the information. I had this card for years and do not have this hard copy of the disclosure. They later told me I could get a copy of the disclosure if I applied again for the same card, because I would received another hard ... |
Bank of America Credit card apr or interest rate February 22, 2016 - I paid my credit card balance of $970.00 on -/-/16 due within the due date of the statement cycle and was charged interest of $4.00 on -/-/16. They stated that the interest was charged because i had a previous statement cycle that was not paid off. Why would I get charged interest for paying the balance due for that month. My understanding is that this is not allowed under Regulation Z. Thanks ... |
Bank of America Credit card apr or interest rate February 22, 2016 - Bank of America issues introductory rates of 0.00 % interest. They would show that interest rate and expiration date of that rate in a certain part of the page when viewing your transactions. Near the end of your introductory rate that effected all purchases, they would offer 0.00 % on balance transfers. They would stop showing when the 0.00 % expired for the first period and only show the second period. The only problem to me is that this is on the exact same part of the page that previously showed the introductory rate. This seems like an unfair and deceptive practice. I was charged interest... |
Bank of America Credit card apr or interest rate February 21, 2016 - I have been a customer with Bank of America for many years, having a credit card from there since 2011. In -, I applied to change from a - Rewards Card to a - Rewards card. Before applying, I had spoken to a customer service representative to make sure I qualified for all of the benefits that other people who apply for the card receive, including 0 % Intro APR for 12 months. I have a transcript from the conversation. Unfortunately, I am being charged interest despite the fact I was told I would not have to. Hoping this to be a clerical error, I then spoke with - people from Bank of... |
Bank of America Credit card apr or interest rate February 12, 2016 - Can the bank charge you the new interest rate on an old charge that was subject to the old rate? ... |
Bank of America Credit card apr or interest rate February 11, 2016 - I first obtained this credit card in approximately -, as a - - branded credit card. I do not recall the bank who serviced the card at that time. I obtained the card because it was marketed as a FI-ED RATE 9.99 % card. The marketing promised that this rate would not change. And for the last thirteen years it has not. Other than occasional 0 % balance transfer promotions, I have been paying 9.99 % APR since the inception of the card. On my - bill, I noticed that the rate has been raised to 10.24 %, for no apparent reason. When I inquired about this, I was told that the federal funds ... |
Bank of America Credit card apr or interest rate February 10, 2016 - My interest rate sporadically increased from 10.99 % to 11.24 % without any notice from bank of america. ... |
Bank of America Credit card apr or interest rate January 15, 2016 - I have an - Visa issued through Bank of America ( America 's most hated bank, I now know ). Should have known better. However since I pay all credit card balances in full every month I thought there would be no issue. I set up automatic bill pay to remove from my checking account the full amount of the credit card bill each month. There is a warning on the BOA website that the instructions might not be in effect until the next billing cycle, which is reasonable. However it 's now been - cycles and they continue to debit my bank account for the minimum payment of $25.00 ( an option I wo... |
Bank of America Credit card apr or interest rate December 31, 2015 - In -/-/- I took advantage of two year-long, 0 % promotional APR rates through my Bank of America credit card to help pay for my daughter 's wedding. At the same time I continued to use the card for purchases and had an outstanding balance. The APR on the purchase balance was at 14.24 %. The APR on the promotional purchases was 0 % up through the expiration period on -/-/-. On -/-/- I made payments on my account sufficient to pay off the promotional balances and some of the purchase balance. My assumption was that the promotional balances, even though they were currently at 0 %... |
Bank of America Credit card apr or interest rate December 17, 2015 - Back in - - I was able to get a no-rewards credit card for a very low interest rate ( Prime + 2.99 % ). Today, I can find no similiar card that I can apply for. The lowest rate I see now is Prime + 8.00 %. Yet, in an artcle on -/-/- entitled " CFPB Warns of Flaws in Credit Card Market '' CFPB Director - - is reported by the - to have said in prepared remarks before a - conference : " At the same time, we found that credit is now cheaper and more available and the credit card business has remained an attractive, profitable business for banks, with default rates that a... |
Bank of America Credit card apr or interest rate December 15, 2015 - I signed up for a no annual fee credit card through Bank of America with a 0.00 % introductory APR for 12 months. However, I am being charged a $1.00 " Minimum Interest Charge '' on my statement every month. I called customer service the first time I noticed it, and they promised to remove the charge, but this has continued to happen every month since. " Minimum Interest Charge '' is described in their credit card agreement as, " If the total of the interest charges for all balances is less than $1.00, then a Minimum Interest Charge of $1.00 will be assessed on the account. This fee is i... |
Bank of America Credit card apr or interest rate December 10, 2015 - Bank of American charges interest on on purchases which are paid - % on or prior to the due date & even when set up to autopay on due date, they pay a day late ( to themselves ) & collect interest. Most months I carry no balance forward, yet they charge me interest monthly & only retract the charges when I complain. The next month, it starts again with 18.74 % APR. Other credit card companies/banks like - or - do not do this under same circumstances. ... |
Bank of America Credit card apr or interest rate December 9, 2015 - I consolidated with Bank of America credit card. Due to the nature of - of my loans ( it was a line of credit with my bank ), the consolidation was split into a regular credit card balance transfer and a cash advance. I now have two different % rates, and I can not pay the higher one off first. They are using a law meant to protect consumers against me. The promotional rate has long expired, so now I 'm stuck paying down a loan where the interest rate is killing me, and I ca n't choose to pay the higher one off first. ... |
Bank of America Credit card apr or interest rate December 8, 2015 - -/-/15 I used a Bank America promo check - which was guaranteed no interest for a year. AT the end of - the Statement showed that as I had paid over amt due - that my promo debt went from - to -. So far so good - then in - I overpaid again - but instead of the promo debt going down or staying even it went up to -. WHy? I called 18 times and told all kinds of reasons to be overcharged. Today a so called exec said they do not tell promo balance to members cause they do n't period. SO how is one to know a promo balance in order to make sure it is paid before APR interest coll... |
Bank of America Credit card apr or interest rate November 19, 2015 - For years I have had credit cards with Bank of America. When I hit financial issues in 2010, they closed my accounts and began a pay out plan for me at $ -/mo. and $ -/mo. on each card. What I have noticed is that each month they are also charging me an interest fee on purchases ''. Is this a normal fee? It seems it should have been included in the payment and NOT a separate fee being charged each month. Please advise me as to whether this is an acceptable practice. They have already dinged my credit by closing my accounts. They came up with the payment plan so I could get rid of the ac... |
Bank of America Credit card apr or interest rate November 4, 2015 - In -/-/- I transfer $2600.00 for 0 % promotion rate until - -. At the same time I had another promotion for 0 % rate until - -, and also I was using this card for my daily purchases. Every month I was paying whole amount that I spend on my daily purchases to avoid interest, but my bank use my monthly payments to cover FIRST - - promotion 0 % rate ; SECOND - - promotion 0 % rate ; and after they start to charge me 19.99 % APR even though I still have 0 % promotion rate on - until - -. I did contact bank several times by the phone and in person, but they alw... |
Bank of America Credit card apr or interest rate October 27, 2015 - Opened a credit card account with Bank of America and charged using a 0 % APR promotional rate. According to BAC that rate ended on -/-/2015. On -/-/15 BAC sent me a statement that indicated a balance of $6500.00 ( I have no idea where that - came from ) with NO indication that any interest would be charged to the account, no indication ( as they NOW tell me ) that I need to call them for a payoff amount. I immediately sent them a check to cover the ENTIRE balance ( $6500.00 ) which they credited to the account -/-/2015. To me that should have paid the entire account i... |
Bank of America Credit card apr or interest rate October 17, 2015 - About a year and half ago, I applied and Got an American express issued By -/ - - . The terms were that I was going to get a year of Charges or Transfers at Zero Interest rate. This Credit card Company, abused its power and started to charge Interest during that Interest free Year. ... |
Bank of America Credit card apr or interest rate October 10, 2015 - I have had an credit card account from 2003. After I have obtained my credit card account the original bank of - was merged into Bank of America. Prior to that occurrence, I was late on a payment which I was penalized with a rate increase. This was over 10 years ago. I am current paying a rate of 26.24 %, and have been for over ten years. I have made on time payment every since that late payment, over 10 years ago. I have attempted to get an interest rate reduction, but informed there is nothing available for me. I believe that is absurd. I ca n't be provided any reason as to why that is. T... |
Bank of America Credit card apr or interest rate October 9, 2015 - I am a customer of Bank of America. I have - separate credit cards. Back in - I was in need of cash and was checking interest rates and fees with each of my credit cards for cash advances. I chatted with - different Bank of America agents before I did the cash advances and I asked some simple questions : What is the interest rate for a cash advance? Is there a transaction fee? What is the fee? What methods can I use to get the cash ( bank, atm, direct deposit )? At that time, - agents I chatted with informed me that I would be a charged a very large fee of 5 % but they told me I w... |
Bank of America Credit card apr or interest rate September 28, 2015 - We missed paying our balance in full by $3.00 last month. We were charged $9.00 in interest for that month and $22.00 the next month, for a total of $31.00 for a - time $3.00 error. Is n't that an excessive amount? The credit card company did waive the second interest charge, but I still think an interest should be charged on the amount past due and not on the total balance. ... |
Bank of America Credit card apr or interest rate September 10, 2015 - Bank of america charged a late fees ( - ) and interest of ( - ) on - missed payment of ( - ) .. I called and got the late fees reversed and paid off all the purchases ( - ) ... I was under the impression they would reverse the interest charges but it turns out they did not. I did not look at the account after that as I did not make any new purchases. To my shock i saw my credit score drop by - points due to - day past due balance of - on this account ... when I looked at the statements I found Bofa charged $1.00 per month on the outstanding interest of $ - two mont... |
Bank of America Credit card apr or interest rate September 3, 2015 - To whom it may kindly concern : I have a credit card account through Bank of America. This past cycle, my bill payment was 10 days late ( due -, -, 2015 ). I had a health emergency and ended up in the hospital. I can send you documentation to support this claim if you wish. I do not dispute the fact that my payment was late, however, the reason was beyond my control. My account is now current. The issue I have is, I received an letter that my APR will be raised to a Penalty APR '' at - percent because of this - late payment! With this exception, I have never had a late payment wit... |
Bank of America Credit card apr or interest rate August 29, 2015 - This bank of america card is over 10 years old and i have paid many thousands of dollars more than I have charged on this card. The interest rate is also very high. ... |
Bank of America Credit card apr or interest rate July 26, 2015 - Bank of America incorrectly applied my payment to a credit card account. There were - payments made in a billing cycle - 2015. The - payment of $300.00 was made - -, 2015 and correctly applied towards the monthly minimum payment of $81.00 and the lowest APR balance. This balance of $7200.00 was subject to 0 % APR and represented the entire amount of debt on the account at the time. The - payment was made on - -, 2015 for $1300.00. This entire amount of the - payment should have been applied towards $1500.00 of purchases posted between - - and - -... |
Bank of America Credit card apr or interest rate July 25, 2015 - On statement - - - - -, 2015 with a balance of $8500.00 and Total Minimum Payment Due of $150.00 a payment was made on - -, 2015 in the amount of $7000.00. With an outstanding Balance of $3800.00 at 14.99 % APR and an additional outstanding Balance of $4700.00 at 5.24 % payment in excess of the Total Minimum Payment Due was not properly applied to balances with higher APRs before balances with lower APRs. With this $7000.00 payment, per Federal Law and per Bank of America written policy I should not have any balance remaining on the 14.99 % APR. As of - -, 2... |
Bank of America Credit card apr or interest rate July 16, 2015 - Bank of America Credit CardOn the website ( - ) it states:0 % for - billing cyclesApplies to purchases and to any balance transfers made within - days of opening your accountThe implication of the additional words and to '' are that the - day condition applies only to the balance transfers. However, when speaking with -, a representative of the bank, and after signing up for the card, I was told that this was not true and that the - day limitation applies to new purchases as well. Additionally, the representative told me that the - day condition was from the time the acco... |
Bank of America Credit card apr or interest rate July 6, 2015 - Charged interest after promotional APR ended. I paid in full before due date. Still hit with interest charges of $64.00. ... |
Bank of America Credit card apr or interest rate June 19, 2015 - I called Bank of America to ask for help. I wanted to get a lower interest rate on my Bank of America Rewards card because I 'm in financial distress, my credit score is good and I 've never missed a payment. After I explained my situation to their representatives and to - supervisor, they said they ca n't help me. There 's nothing they could do to help me. I find it so unbelievable because I 've heard there 's always help out there, but for me there 's none! I explained to them that I was thinking '' on closing the account. To my surprised I checked my - credit report today and is show... |
Bank of America Credit card apr or interest rate June 15, 2015 - For the past several months, Bank of America Credit Card Services has been miscalculating finance charges and misapplying payments between - different categories of regular purchases, cash advances and balance transfers. The allocations are not in accordance with federal guidelines. I contacted Bank of America on multiple occasions and each time received a different explanation as to how they achieved these magical calculations. I had the issue escalated to a special team of managers who finally admitted there was an error with how their system is calculating finance charges but they also e... |
Bank of America Credit card apr or interest rate June 4, 2015 - I have a credit card account with Bank of America for the purpose of a balance transfer promotion. This balance transfer promotion is until -/-/-. I called Bank of America to see if I could add additional purchases and if they would be covered under the 0 % apr. I was informed that they would be. I made a purchase and on my next billing cycle was charged interest. I called Bank of America again, to see why this happened. The representative informed me that my new purchase was NOT covered under the 0 % apr and to avoid further interest charges, I would need to pay off the new purchase amou... |
Bank of America Credit card apr or interest rate May 14, 2015 - In - 2015 the minimum payment on my credit card was $270.00. I paid $300.00 and did not make any purchases, etc. on the card. As I understand it, $270.00 should have gone toward the interest and the principal of the lower interest rate ( 9 % ) and at least $24.00 should have gone to my highest interest rate of 16 %. When I look at my statement from - and my statement from -, though, the balance actually increased for the amount being charged 15.99 %. I called Bank of America - times and spent more than an hour on the phone. The - rep told me it was because I had underpai... |