I applied for a BoAM CC over the summertime, and was approved for a credit line of $5,000. subsequently activating my card in the early fall. I have a few other cc's with great payment history, NEVER late, etc.... After Thanksgiving, I began Christmas shopping. I made one iPad purchase and a few other small dollar amount purchases at various stores with in 3 DAYS of each other. Holidays came and past, and just today I received a cancellation notice of my CC from BoAM. Are you kidding me? I had already sent off my FIRST payment, which was made early after checking my balance online.
Their (BoAM) reasoning in the letter, " Current economic trends, as a result, we have closed your above referenced account". And, "are no longer authorizing any further transactions."
I will pay this off after receiving my FIRST and only statement, I am so glad I did not use this any further, such a ridiculous experience with Bank of America! I would have given them a 5 rating, then only to retract that and rate BoAM a ZERO!!!!
I've been with BofA since 1977, when I was 15. It used to be a great bank, when it was owned in San Francisco. Since it was sold to whatever company in North Carolina, it has spiraled downhill especially in customer service. Absolute nightmare stuff. They literally fuck up everything and lie to you about what they'll do, and then when they don't do it and you call them on it, they say they can't do it. Seriously, worst bank on earth. On Monday, I will end 36 years with B of A. Stay away!!!
I am rating them as 1 below because there are no negative numbers, but giving them a 1 is vastly overrating them.
Well, how shocked would you be to find out that on every check that goes out from your checking account has the ITF and the name of that person!!!! Why would a check sent out need to have that information on it???? Whose business is it who you have your money entrusted to????
Oh, if you have any questions on that account and elected not to speak with someone in another country, then plan to spend at minimum a hour and a half waiting on the phone. Please!!!!!