STFU, Conservatives
Note for Bank of America customers

Sent by an anonymous reader:

I’d heard some Bank of America employees were threatening customers with increased credit card interest rates if they closed their checking accounts, so I consulted my friend who works closely with the BoA credit card department to get the scoop firsthand: 

"Closing your checking account doesn’t trigger any sort of automatic review or change to the terms of your card. Similarly, closing your card doesn’t change anything either. However, they do recheck your credit every 6-12 months to see if you still “qualify” for the limit and interest rate you’re getting. Also, if you close the card before you finish paying it, they will not negotiate a lower or better rate or terms for you. If you keep it open, there is the possibility that they will do that. And the only way now that they can raise your interest rate is if you are delinquent on payments and they notify you ahead of time that they do so." 

I just wanted to let others know so they won’t be threatened or intimidated into keeping their accounts open.

FYI!

  1. relivethememories reblogged this from stfuconservatives
  2. sarahlee310 reblogged this from stfuconservatives
  3. cemeterycake reblogged this from stfuconservatives
  4. skiesfyre reblogged this from stfuconservatives
  5. murderous-moon reblogged this from stfuconservatives
  6. jennli123 reblogged this from caprinocultura
  7. caprinocultura reblogged this from stfuconservatives
  8. micgripper reblogged this from regretandchinesefood
  9. viviano reblogged this from stfuconservatives
  10. finaferocious reblogged this from stfuconservatives
  11. curiouskitty reblogged this from stfuconservatives
  12. randomactsofchaos reblogged this from stfuconservatives
  13. notsurewhom reblogged this from stfuconservatives
  14. i-am-the-patient reblogged this from whpstckagostop
  15. madampomfreyrn reblogged this from stfuconservatives
  16. scribblesnthings reblogged this from stfuconservatives
  17. releasethebatz reblogged this from stfuconservatives
  18. drfarrington reblogged this from stfuconservatives
  19. socutherthehelldown reblogged this from stfuconservatives
  20. daggerpen reblogged this from stfuconservatives
  21. pollymoon reblogged this from stfuconservatives
  22. regretandchinesefood reblogged this from stfuconservatives
  23. riningear reblogged this from stfuconservatives
blog comments powered by Disqus