Bank of America is raising their rates on all credit card holders for no reason at all. My company has a Bank of America card for gasoline purchases for the company car. Today I paid the bill and noticed that our interest rate went from 16.74% to a whopping 35.99%. We have paid this in full every month since it's inception. My boss's credit score is over 800. It will not affect our company, however I think of the millions of people with excellent credit who are carrying a little bit (or alot) of debt on this card to wake up to find out they more than doubled the interest rate....for no reason!! This company cannot be trusted. If you have a Bank of America credit card, try to balance transfer to a credit card company who does not have mortgage loans. That should be your best bet.
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