Bank of America - Visa Review

I opened a visa at ban of america a little over two years ago and got a semi decent annual percentage rate as my credit was not too outstanding. Everything was fine, until this last month when i received a letter stating they were going to increase my annual percetange rate to almost double what it was. They did not give any reasoning nor much time to reject the terms. I have never missed a payment.

I do not understand how now in times of financial crisis for consumers a major bank that i have banked with for 20 years make my ability to pay my credit card bill more difficult. My monthly minumum due would increase an additional $40 which in these days and times is not something i have extra in my budget every month. I did request to decline the new terms but am still getting the increase rates and minimum monthly dues for a card i have never been late on in over two years. That is not customers service to me!