BofA Credit Card Bull**** Policy

[JohnEyles]

Quote:

Originally Posted by d it's not clear to me why so many folks complain about credit cards ... we should all know the term to which we've agreed ...

Yeah, except the credit-card company didn' exactly agree to the terms - they did,
but with the right to amend the terms anytime they choose.

'Youbet', why do you say I'm naive, I believe which I agreed might be true in my
statement that I felt better about giving my CC biz to a CU instead of a bank ?
I prefer to think I'm idealistic, imagining we might have a government which
considers advancing the common good to be its main purpose.

[youbet]

I didn't say you were naive. You said you were naive, or that maybe you were naive.

Everybody and their brother sponsors credit cards these days: banks, CU's, fraternal organizations, retailers, foundations and on and on. It so happens my most used card is sponsored by the CU at the company I retired from. That's because their customer service is best. They answer the phone when I call. But I'm not nostalgic over it.

I don't trust credit card companies or want to bother to understand their terms in any depth, so I simply maximize their benefit to me on my terms and count on them for very little. DW and I use a CC for most all day to day expenditures and sometimes run up some significant balances when traveling. But, in the 37 years we've had CC's, we've never failed to pay the monthly bill and have never incurred a finance charge. It's convenient, we get a little float on the money, they give us points good for trinkets and it costs me nothing. That's all the involvement I want.

I don't count on them as my emergency fund or my banker. Just a necessary evil in today's world that can be used to advantage if you don't go beyond charge this month - pay next month.

If you say you're not naive, I'd say "Yes."

[Texas Proud]

Quote:

Originally Posted by JustCurious TexasProud, you are simply wrong. Which law school did you go to?

as mentioned.... didn't go.... but what I said is what they did to my BIL who did object to a change in terms... he could not use it anymore for any charges.. don't know what they changed and don't care... or he could have told me wrong...

And which law school did you go to

[JustCurious]

Quote:

Originally Posted by Texas Proud as mentioned.... didn't go.... but what I said is what they did to my BIL who did object to a change in terms... he could not use it anymore for any charges.. don't know what they changed and don't care... or he could have told me wrong... And which law school did you go to

I graduated from a reputable law school, but I prefer not to identify it.

I am telling you why BOA did what they did because I know from my own legal training and experience in this area. Unlike you, I am not guessing, and I am not basing my answer on anectodal evidence from a brother in law which may or may not be accurate in the first place.