Did you apply for LOC?

[fused]

BoA does charge 3% every time money is drawn from a Gold Option LOC...this is ones of the dissadvantages.

[fused]

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FaircreditguyFL wrote:
BOA LOC is 23.99%??? WTF?? I thought 12.25 was high. I'm am so glad I no longer bank with BOA!

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It all depends on your credit score, income, own v. rent, employment, etc. and the most often overlooked consideration, how big is the unsecured line of credit that the applicant is appying for.

[Anonymous]

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dnm45227 wrote:

i think citi flex loc does charge a fee, may be wrong though. also, citi does not report the limit on the flex loc. this means 100% uti showing on a revolving account, even though you may only 10% of you actual cl in use.

i have 2. one is with jfcu 12.5% and beneficial 25%.

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Citi Flex LOC doesn't charge the fee in practice, even though the 3% fee is stated in the T&C.  A CSR explained to me that the fee won't be charged unless you are accessing the LOC while you are at the default rate due to prior lates.