Bank of America charging some people an annual fee?

[smc733]

I just read on *cough* another credit-related board, as well as YELP, that a bunch of people, Power Rewards, Cash Rewards, and Platinum Plus cardholders are all being told they will begin to be charged a $59 annual fee unless they close the account.  Has anyone heard this?  The minute I get that letter is the minute my entire relationship with BofA terminates.

Just curious to see if this has happened to anyone else, and what the circumstances might be to trigger it...

[fused]

I'm anxiously awaiting for replies. I'm also wondering if this new AF will be applied to FIA cards too.

[MarineVietVet]

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@smc733 wrote:

I just read on *cough* another credit-related board, as well as YELP, that a bunch of people, Power Rewards, Cash Rewards, and Platinum Plus cardholders are all being told they will begin to be charged a $59 annual fee unless they close the account.  Has anyone heard this?  The minute I get that letter is the minute my entire relationship with BofA terminates.

Just curious to see if this has happened to anyone else, and what the circumstances might be to trigger it...

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Cheating on us huh?? 

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[smc733]

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@fused wrote:

I'm anxiously awaiting for replies. I'm also wondering if this new AF will be applied to FIA cards too.

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I'm gonna do the community the favor, because I'm impatient, when I get out of work, I'll risk AA to see if I can get an answer about the AF from the credit dept.

[DI]

I haven't heard anything about that.  I have the power reward card.  But, as soon as and if  it happens  to one of our season members in this forum  please post, so that I know to check my P.O. Box this month. 

[smc733]

Hopefully I'll have some info within the next hour, honestly, are any of their cards really worth an AF?  

Amazon Visa (I'll convert to a Chase Freedom month 13 if I have to close this)

Citi Dividend Plat Select

and

Discover More

All offer much better rewards.  What is BofA hoping to accomplish.  Only some of the high-end FIA cards are really winners.

[DI]

I just sent BOA an email about this.  I hope it isn't true.  I hate to close my freshly minted $7000 card over a $59 AF. But I most certainly would do it without  hesitation. 

[Smerri1029]

Just throwing this out there.

I have a Bank of Americard Power Rewards Visa Signature. I applied for this back in October and when I did I didn't see anywhere to apply for a Platinum Plus. Could it be they are trying to get people over to the Bank Americard to pawn off customer service on Visa Signature (not sure how Visa Signature customer service works [whether its part of BoA or Visa]) since I haven't heard anything on an annual fee for my card.

Probably looking WAYYYYY to deep into it, but just a thought.

[smc733]

It's actually confusing.  

Power Rewards only comes in Visa Signature, unless you convert to it.  That's BankAmericard Power Rewards.  BankAmericard Cash Rewards comes in Signature for CLs higher than 5k, and Plat Plus for lower.  There's a separate "Platinum Plus Visa" that BofA also has (non BankAmericard).

Anywho, I called, as I have the BankAmericard Cash Rewards Platinum Plus Visa, and they said my account wasn't marked to be getting a letter, therefore I won't get an AF, they were NOT specific.  I don't get it...

[Scuba]

Hi

What is the difference between a BOA card and and FIA card?  I thought they were one and the same