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 just want to express the frustrating experience I had with Bank of America, I opened my account on July and now (Oct 18, 2014) still dont have my permanent card, a total of 4 times I requested the card to be re-issued since I never got it in my mail, and now, I decided to close my business with this bank since they keep saying they will re-issue again the card, that is bad service for me. Service at the branch is OK though, but this issue with the card was very frustrating and so I will stop doing business with bank of america.
At the same time in July, opened another checkings account with First Tech and I got my card immediately at the branch, that was super fast and very practical.