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Timothy wrote:
2007-09-18 7.75
2007-10-31 7.50
2007-12-11 7.25
Based on how I read you post- they are delaying the .5 and .25 reductions in your APR.
SO you will get a .25 increase now then a decrease in Feb and March/April
I guess it is an amazing what a .25 or .5 basis points means to a huge company like this-
Since they are going by the highest APR in the three month rolling cycle, the OP will get this oe onl if the fed doesn't reverse itself sometime withint the three month rolling period.Not so much amazing taking into consideration how many billions of dollars in credit card debt this bank holds. Makes a pretty penny they get to pinch when you add it all up.Thought the ratecute was to stimulate the economy by increasing consumer confidence and spending. Didn't know it was meant to fatten the bank's wallet.
@Anonymous wrote:
@Anonymous wrote:
2007-09-18 7.75
2007-10-31 7.50
2007-12-11 7.25
Based on how I read you post- they are delaying the .5 and .25 reductions in your APR.
SO you will get a .25 increase now then a decrease in Feb and March/April
I guess it is an amazing what a .25 or .5 basis points means to a huge company like this-Since they are going by the highest APR in the three month rolling cycle, the OP will get this oe onl if the fed doesn't reverse itself sometime withint the three month rolling period.Not so much amazing taking into consideration how many billions of dollars in credit card debt this bank holds. Makes a pretty penny they get to pinch when you add it all up.Thought the ratecute was to stimulate the economy by increasing consumer confidence and spending. Didn't know it was meant to fatten the bank's wallet.
Message Edited by Brammy on 12-12-2007 08:15 AM
@Anonymous wrote:
It is expected fro the FED to reduce another full point over the next 12 months-
@TXturnaround wrote:I received the same letter for 2 accts that I have w/BOA and one of them is a closed acct. I sent a letter rejecting the APR increase. The address should be in the statement. It's funny how they always send these "agreement changes" that go in effect always in January. People are already trying to recover from holiday shopping in January & then turn around & you have a change to your credit card payments at the beginning of the year. Timing is everything!!