I HATE BANK OF AMERICA
02-23-2012 10:42 PM
I had a [fully] secured card with Bank of America. $1,200 deposit. Got the card in August 2011. Always paid in full, never late, and actually had a negative aka credit balance at account closure of $24.00 - anyway, the card got declined at Jamba Juice and I later found out why:
Regarding your BankAmericard Platinum Plus VISA ending in: XXXX
Dear Andrew :
We take a proactive approach to reviewing our customers' accounts which includes an assessment of your account history, current economic trends and a copy of your credit report(s).
As a result of this review, we have closed your above referenced account effective as of this date on this letter because you have excessive requests for credit on your credit file and you currently have sufficient available credit. We will no longer authorize any further transactions or approve any pending access checks, balance transfers, or direct deposit requests. If the account has a balance, please continue to make at least the total minimum payment due on the account until the balance is paid in full.
Your credit score, a FICO score, used by us in taking the above action is 719, which was created on January 26, 2012 and provided by a credit reporting agency, Trans Union.
I don't know why Bank of America is so adamant about getting rid of me as a customer. They even reimbursed the $39 AF. I just got a check for $63.00 (my credit balance + AF) and got my full $1200 security deposit back. They treat me like dirt on the phone and aren't willing to work with me. Now I have a closed account on my CR for no darn reason and my score just dropped 19 points. I can't believe my score is only 700 now. I was already upset to learn it was 719, since my highest ever was 769! I see no reason to keep my checking/savings open with them anymore. I have $15,500 in available credit between all tradelines.
EX PLUS - 721 (8/9/11)
EQ FICO - 648 (2010)
(21 years old)