I got this card with a gorgeous 0% introductory rate, a little over a year ago. I transferred some balances, promised myself that I would just pay it down, then bought my birthday dress and fabulous shoes! What can I say, I'm weak! I also charged some groceries, I believe.
In one of my many efforts to get my debt under control, I enrolled in automatic payments from my Chase account. Then in a moment of...I'm not sure what it was...I opened a checking account with Bank of America. The next time a payment was due for this card, no auto-withdrawal from Chase! Uh oh.
I called and managed to get the late fee taken off, got scolded for not scheduling my payments to be withdrawn on time, and discovered that my new checking account had disabled the auto-withdrawal. I also got stuck with a new interest rate because I had "defaulted" on the agreement. Rather than call back and argue, I decided to do some balance transfers and stop using the card. As soon as I can, I'm going to cancel the card. I hate Bank of America.
CC #2: Bank of America
February 6th, 2008 at 08:32 am
February 6th, 2008 at 10:27 am
Sorry, but, I love stories like these. You mess up and yet YOU hate B of A. @@ (too bad you didn't ask around here, I think the consensus would be that BOA sucks)
Obviously YOU didn't read the fine print. You are a day late, you lose the 0% interest. That applies to any/all "special" offers, not just ones thru BOA.
Why can't/don't/won't people EVER take responsibility for THEIR bad actions/choices instead of blaming it on everyone but themselves ?!!!?
February 6th, 2008 at 10:46 am
February 6th, 2008 at 01:03 pm
I am aware of what the fine print specifies regarding defaulting on a payment and an increase in the interest rate. I've been around the credit world long enough to understand that policy.
Perhaps my point wasn't clear: BoA eliminated my auto-withdrawal for the credit card when I opened a checking account with them but didn't inform me that would happen. Perhaps I am guilty of missing that fine print detail. Thus I missed a payment, thus the APR increase.
As far as taking responsibility for my actions, I think that if you read all of my entries, you will see that I am taking responsibility for my actions-figuring out what my debt load is, knowing my interest rates, communicating with the credit card companies, making payments on time, and (very soon) creating a workable budget.
Thank you for taking the time to read at least one entry. I'll take your comment as a lesson to be very clear in detailing my experiences going forward.
February 15th, 2008 at 11:20 pm