Senior Contributor
Posts: 3,671
Registered: ‎01-10-2008

Re: B of A raising my fixed rate to variable

rmjse wrote:
Just got the letter too for my BoA CC. I have had it for 7 years now. Never went over my credit limit, never ever was late on a single payment. Balance right now is zero, and they decided to raise it from a fixed 8.99% to a variable 16.49%. I called them and complained. The representative was honest with me and told me that BoA is hurting real bad because of the economy and they have to make money somehow. He then offered me a fixed rate of 12.99%, which I had to accept since you can never trust a variable APR. I advised him that I am not happy about this and will not use the card anymore and will start looking for a new CC company. He said they will call me if they can get the rate lowered anymore. I guess you can't do anything about it these days :smileysad:

glad you were able to have it lowered somewhat, what number did you call btw?

06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.