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New Contributor
Posts: 61
Registered: ‎05-20-2011
0

BOfA CR $39 fee now?

I just got an email from BOfA letting me know they are now charging an $39.00 annual fee for the card. They listed a bunch of great perks for changing it but I'm not sure there worth it. Had the card for 3 years now and never had a fee before.

Senior Contributor
Posts: 3,067
Registered: ‎11-02-2009
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Re: BOfA CR $39 fee now?

Ask them to waive it.  

 

What is your credit profile like?  Do you need this card?  If you don't need it and they won't waive it, cancel the card.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
0

Re: BOfA CR $39 fee now?


Walt_K wrote:

Ask them to waive it.  

 

What is your credit profile like?  Do you need this card?  If you don't need it and they won't waive it, cancel the card.


+1

 

They don't waive it, close it.

New Contributor
Posts: 61
Registered: ‎05-20-2011
0

Re: BOfA CR $39 fee now?

I like the card my APR is the lowest of all my cards. Just can't understand why after all this time they hit me with this..

Senior Contributor
Posts: 3,067
Registered: ‎11-02-2009
0

Re: BOfA CR $39 fee now?

What card is it?  A while back BofA experimented with adding fees to some of its checking accounts in target markets.  IIRC, they backed off of that idea.  Maybe they are doing something similar with their credit cards.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Valued Contributor
Posts: 12,954
Registered: ‎08-13-2013
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Re: BOfA CR $39 fee now?


Braydon wrote:

I like the card my APR is the lowest of all my cards. Just can't understand why after all this time they hit me with this..


It's worth a shot to call them up and see if they will wave the fee

Old user name newportguy*** Current Score: myFico EQ - 830 (05/16/2015) Discover TU Fico - 832 (07/03/2015) EX Fico - 821 ( 05/01/2015 ) ******* Amex - BCP 10 K * Discover - IT 16.5 K * U.S. Bank Cash + Visa Signature 10.3 K * PenFed - Cash Rewards 5 K * Amex - GDSM 5 K ******FICO 800 Club Member ******* EQ 830 *** TU 832 *** EX 821 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 830's Scores ******
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Posts: 13,897
Registered: ‎04-15-2011
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Re: BOfA CR $39 fee now?


Wade64 wrote:

Braydon wrote:

I like the card my APR is the lowest of all my cards. Just can't understand why after all this time they hit me with this..


It's worth a shot to call them up and see if they will wave the fee


+1   Wouldn't hurt.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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New Contributor
Posts: 61
Registered: ‎05-20-2011
0

Re: BOfA CR $39 fee now?

Its the cash rewards card, I called and they waived the fee she was not even sure why I was charged.

I spend WAY to much time worried over my credit cards and scores I think I need a break.

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