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BOA APR for nonpromotional charges

Frequent Contributor

BOA APR for nonpromotional charges

I'm paying  21.9% on regular (neither cash advance nor promotion-related purchases.)  Is that way too high or in line with others who have BOA cards among you readers.

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4 REPLIES
Epic Contributor

Re: BOA APR for nonpromotional charges

sounds very high to me.  However interest rates don't really shock me anymore because all my creditors have been increasing them especially on my business cards lately.

But I would shop around for a new card like citi plat select which is 0% for 18 months and move any balance you have on BofA

Message 2 of 5
Moderator Emeritus

Re: BOA APR for nonpromotional charges

 


gangof4 wrote:

I'm paying  21.9% on regular (neither cash advance nor promotion-related purchases.)  Is that way too high or in line with others who have BOA cards among you readers.


I have two BoA cards; one is 7.90% and the other is 25.99%. Both accounts were supposed to be rate jacked a couple of years ago but for some reason the 7.90% card was never changed. I hope BoA doesn't read this.  Smiley Happy

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work


 

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work


Message 3 of 5
Senior Contributor

Re: BOA APR for nonpromotional charges

 


marinevietvet wrote:

 


gangof4 wrote:

I'm paying  21.9% on regular (neither cash advance nor promotion-related purchases.)  Is that way too high or in line with others who have BOA cards among you readers.


I have two BoA cards; one is 7.90% and the other is 25.99%. Both accounts were supposed to be rate jacked a couple of years ago but for some reason the 7.90% card was never changed. I hope BoA doesn't read this.  Smiley Happy


LOL......our BoA card is also at 7.9 because we opted out given the choice.  the account won't be closed once the balance is paid off, but we will end up with a higher APR, i don't recall exactly what it will end up being.  but if they don't give us a CLI once it's zero'd out (they CLD'd us by $1700), it's getting closed.

 

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Message 4 of 5
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Valued Contributor

Re: BOA APR for nonpromotional charges

BoA is my only reasonable rate at 9.9% for everything (purchases, even cash advances)

 

But all my other cards are rewards cards and are around 19%


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