topic Bank of America raising Transaction Fees to 4%? in Credit Cards

Bank of America raising Transaction Fees to 4%?

Credit_hawk — Mon, 25 Dec 2023 03:09:16 GMT

Hey guys,

Merry Christmas/Happy Holidays! I just wanted to check if anyone else got this notice this past month. Bank of America sent me an e-document in my account portal this month saying they were raising transaction fees on my Custom Cash Rewards account to 4% for balance transfers and cash advances starting February 2024. I was just curious if this was a company wide change or more targeted. I've never utilized a balance transfer or cash advance but I still don't like any fee increase of course.

Let me know if you've come across this as well.

Thanks!

Re: Bank of America raising Transaction Fees to 4%?

markbeiser — Mon, 25 Dec 2023 05:38:17 GMT

I noticed it on my statement today.
Doesn't affect me, so don't care.
After I had an oops last year with my checking account that triggered a cash advance via Balance Connect, I realized I could switch Balance Connect to my Merril Edge margin account, so am covered even if I'm devoid of cash in an easy to withdraw from account.

Re: Bank of America raising Transaction Fees to 4%?

gdale6 — Mon, 25 Dec 2023 12:43:25 GMT

yep, I got the notice on it. Just moved up a BT I was planning for March.