0 to 29.99 in 2 hours

0 to 29.99 in 2 hours

“Late is late”, said the Bank of America customer service rep, based in Colorado Springs CO, referring to the fact that the payment posted the day it was due… but was two hours late.

 

Each time your minimum payment is late ( i.e. , not received by 2 p.m. , ET, on its Payment Due Date), or the account balance is over-the-credit-limit, we may increase each of your account's Variable APRs up to the Default APR of 29.99%

Bank of America (NYSE:BAC) was penalized in a class action suit for “rolling back” payment due dates according to court filings in Delaware . They could squeeze more late fees by rolling back the due date time to 10am and they were caught and penalized by the FTC. Bank of America, for taking your consumers 0 to 29.99% in two hours, you get the 2006 CreditCard.org Lemon Award for Bad Banking.

 

 

Bank of America (NYSE:BAC) was penalized in a class action suit for “rolling back” payment due dates according to court filings in Delaware . They could squeeze more late fees by rolling back the due date time to 10am and they were caught and penalized by the FTC. Bank of America, for taking your consumers 0 to 29.99% in two hours, you get the 2006 CreditCard.org Lemon Award for Bad Banking.

 

 
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