Home > Intent to Kill (B of A credit card)

Intent to Kill (B of A credit card)

March 9th, 2011 at 10:13 pm

I have decided something else too. I am not going to chip the $128 in credit card rewards I expect any moment now. I am not going to add any new money to my main savings account. I am not going to use my bonus money next month towards savings, Roth, mortgage, etc. Instead, I am going to kill my B of A credit card debt.

I should be able to kill it next month. Following its demise, I will have a bit more free cash flow to use towards savings goals.

3 Responses to “Intent to Kill (B of A credit card)”

  1. LuckyRobin Says:

    I'm all for killing BoA credit cards. I can't wait until mine are paid off at the end of the year.

  2. Petunia 100 Says:

    I'm finding their lending practices a bit sleezy, LuckyRobin. I have had their Signature Visa for a long time, and transferred some money to it last fall. I logged on to their site and clicked on the "Transfer Now!" bubble. The advertised offer was 1.99% through July 2011. When the bill came, I noticed I was being charged 7.24% and I had to fight, fight, fight for 1.99%. Luckily, I had printed out the confirmation page and kept it. Different reps told me conflicting stories:

    1. I was never offered 1.99%.
    2. I was offered 1.99%, but the offer had expired.
    3. I had used a paper balance transfer check which was expired.
    4. I "did it wrong". Several CSR people told me this one. I had not correctly completed the balance transfer offer online.

    Most of the CSRs were very courteous and professional, one was a complete snot. Eventually, they agreed to charge me 1.99% until July as offered. They made it clear they were doing me a big favor, even though I provided a copy of the confirmation page which clearly stated 1.99%.

    Yesterday, I received a notice in the mail that certain offers are expiring in May, and they listed some reference numbers. I am uncertain if they are talking about the offer I used or not. Either way, I just really don't want to owe them anything.

  3. Jerry Says:

    One of the first things that we plan to do when we return to the States is to leave BofA... they have screwed us over far too many times, and the complete lack of trust that we have for them now leads us to kick them aside. We will move all of our accounts to USAA, with whom we will have our banking and our insurance, as well as maybe our mortgage. Good luck in killing that card! Smile Jerry

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