reviewer
omandm
Jackson Heights, NY
Use a magnifing glass when you read Bank Of America statements
2 star rating

saving a little
Pros

    easy to obtain

Cons
    bait & switch, raise rates without good reason, Shady Ways to Charge Late Fees, Unfair practices

JUL
21
2009

Bank of America - Platinum Visa — 

I am deeply disapointed in the Bank of America credit Card. After numerous phone calls and letters that offered "too good to be true" loans and lines of credit, I decided to open a line of credit just in case I am in need of funds. I called, spoke to a representative that confirmed what I already had in writing, namely that the Interest rate on the line of credit will be %8.9. I completed the application. A few days later I received the paper work from Bank Of America and in very fine print listed the Interest rate of $18.9. I called to inquire about the discrepency and was informed that the day after I completed the application the rate went up. I could have been in debt today if I didn't purchase a magnifing glass and decided to read every word on the 20 or so pages received from the bank. I will never do business with Bank Of America again.



I_thumb_down Bank of America - Platinum Visa is not recommended by omandm

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