Bank of America Credit Card Complaint

Bank of America Credit card department,

Credit determination Kansas

While Bank of America has a right to extend or withdrawal a credit line at their leisure. I find their business practice to reduce a $9000.00 credit line to $500.00 on a perfect payment history and sufficient income to meed internal fiscal goals and lay a bogus claim that I 'm not a good risk with an average credit score and average spending and borrowing habits very concerning. Their action while it may server their purpose whatever that might be affects my credit rating, a rating I 've been working on for a long time to establish in a purley positive direction. Their action will take up to - points on my score while they used me to meet their repayment of TARP and now that they do n't need to they are " reducing risk. '' I opened this card with a $2000.00 credit line and they freely gave a line of $9000.00. To reduce my total credit line with the bank to $500.00 from a total of $14000.00 across - cards because I take out a loan and close all but - revolving lines does n't make sense to me. If I want to pay - a month


The man, - made some rediculus comment about the unsecured ammount lent to me was too high ( as if people do n't have loans 4 times larger than their income with houses, cars, school etc. that even some secured they often do n't recoup anywhere near the full investment amount ). Yet here I am with a perfect payment history, sufficient income to exceed all my minimum payment requirements after all bills paid monthly for at least a total of about $50000.00 of average interest and this man wants to say that he can only safely make money off of me with a $500.00 credit line. I told him that I would stop using the bank and was going to cancel the card and he did n't care. So I am in the process of switching banks and will keep the card at $0.00 only because it serves my length of credit history on open accounts reported. But they will not make money off my money. Whatever they are doing is not with the consumer in mind and this disruptive business practice that affects credit scores and financial planning is a shame, I do n't even see how it serves them other than they are trying to increase their credit rating and manipulate their reporting numbers. While what they do might be legal it is suspicious and should be looked into as to what their lending strategy is if they ar n't trying to make money off of interest from the cards and why a consumer product is not with the consumer in mind.