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MrsBurtch525
Year for change!
Member since 1/09 6017 total posts
Name:
Taryn
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CC fees for paying on time/not carrying balance??
I just heard that Bank of America starting next year will be charging fees of $35-$99 for accounts that pay ontime and have never had a balance and for people that have never paid a late or overdraft fee?!? Are they really that greedy??
Is that true? That is ridiculous!!
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Posted 10/21/09 8:13 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
JP826
=)
Member since 9/06 10903 total posts
Name:
Me!! All about ME!
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Re: CC fees for paying on time/not carrying balance??
That makes me sick to my stomach.
I hope the idiots who came up with that idea (& even more the assholes that approved it) gets their leg slammed in their car door.
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| Posted 10/21/09 8:18 AM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: CC fees for paying on time/not carrying balance??
American Express already does this with some of their cards.
Message edited 10/21/2009 8:23:43 AM.
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| Posted 10/21/09 8:23 AM |
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Jax430
Hi!
Member since 5/05 18919 total posts
Name:
Jackie
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Re: CC fees for paying on time/not carrying balance??
Wow...guess I know what CC I'm cancelling! Better redeem my points then get rid of the card. This is ridiculous!
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| Posted 10/21/09 8:26 AM |
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MrsBurtch525
Year for change!
Member since 1/09 6017 total posts
Name:
Taryn
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Re: CC fees for paying on time/not carrying balance??
Posted by Jax430
Wow...guess I know what CC I'm cancelling! Better redeem my points then get rid of the card. This is ridiculous!
Same here. That is exactly what i was thinking!
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| Posted 10/21/09 8:37 AM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: CC fees for paying on time/not carrying balance??
I wouldn't use that card.
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| Posted 10/21/09 9:19 AM |
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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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Re: CC fees for paying on time/not carrying balance??
Posted by MrsBurtch525
I just heard that Bank of America starting next year will be charging fees of $35-$99 for accounts that pay ontime and have never had a balance and for people that have never paid a late or overdraft fee?!? Are they really that greedy??
Is that true? That is ridiculous!!
Are you sure it's not an annual fee they're instituting? I heard several CC companies will begin charging annual fees soon. I have 2 BoA cards and they're 2 of my oldest cards so I will be really mad if they start charging fees for no reason. Guess I'll be getting rid of them.
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| Posted 10/21/09 9:22 AM |
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MrsBurtch525
Year for change!
Member since 1/09 6017 total posts
Name:
Taryn
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Re: CC fees for paying on time/not carrying balance??
Posted by JenMarie
Posted by MrsBurtch525
I just heard that Bank of America starting next year will be charging fees of $35-$99 for accounts that pay ontime and have never had a balance and for people that have never paid a late or overdraft fee?!? Are they really that greedy??
Is that true? That is ridiculous!!
Are you sure it's not an annual fee they're instituting? I heard several CC companies will begin charging annual fees soon. I have 2 BoA cards and they're 2 of my oldest cards so I will be really mad if they start charging fees for no reason. Guess I'll be getting rid of them.
It said on the "TODAY" show that it was fees, not annual fees. They are extra fees.
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| Posted 10/21/09 4:04 PM |
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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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Re: CC fees for paying on time/not carrying balance??
Posted by MrsBurtch525
Posted by JenMarie
Posted by MrsBurtch525
I just heard that Bank of America starting next year will be charging fees of $35-$99 for accounts that pay ontime and have never had a balance and for people that have never paid a late or overdraft fee?!? Are they really that greedy??
Is that true? That is ridiculous!!
Are you sure it's not an annual fee they're instituting? I heard several CC companies will begin charging annual fees soon. I have 2 BoA cards and they're 2 of my oldest cards so I will be really mad if they start charging fees for no reason. Guess I'll be getting rid of them.
It said on the "TODAY" show that it was fees, not annual fees. They are extra fees.
With BoA specifically, it looks like it's a test of annual fees. BoA is testing an annual fee on 1% of their customers, specifically those with rewards cards. The annual fees range from $29-99. I guess they're trying to see how much they can charge before customers start to walk.
Link (read the comments people are making also)
Here's another link about it, but this article also mentions CitiGroup: Link
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| Posted 10/21/09 4:52 PM |
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