Bank of America Credit Card Complaint

Rewards

Bank of America Credit card department,

Rewards New Jersey

-/-/-, I signed up for a Bank of America cash rewards credit card in which I was promised - % cash back for all purchases plus a - % bonus for a total of - % on all purchases. In addition, I was promised a - % bonus to make it - % cash back if at least $300.00 in cash rewards was accumulated before I redeemed the cash reward. The commitment made by Bank of America was that this benefit would be in place FOR THE LIFE OF THE CARD. When I realized they had radically reduced the amount of the cash back bonus, I called Customer Service and was informed that the program was discontinued in - - and that I was placed in another program. It 's supposed to be " FOR THE LIFE OF THE CARD '' not when they arbitrarily decide to end the program. In looking back at my statements, the change seems to have happened when Bank of America called me with a fraud alert and had to change my credit card number although I 've been with them continuously since -/-/-. Are they declaring that because they have a concern about fraud and issue me a new card that they now declare the " life of the card '' provision no longer exists? I do n't believe it 's fair what was done to me. A company should not have the right to arbitrarily decide to end of the program yet when they market the card to you tell you the terms are for the, " LIFE OF THE CARD ''. I 've attached the - consecutive statements in which the - statement credit card number was changed.

Bank of America customer in New Jersey
Apr 10, 2016

* Source: CFPB Complaint Database

Bank of America response to complaint:
Closed with explanation

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https://www.bankofamerica.com/
(704) 386-5681
100 N Tryon St Ste 220
Charlotte NC 28202
Bank of America
Bank of America

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