Not resolved
2.5
Details
0 comments

I was sent a proposal to apply for a new card with 0% interest. During the application process I submitted 3 balance transfers, these were accepted by BofA.

It appears now that only one has been accepted and I assume the other 2 were rejected. They do not show up on the balance transfer status page. I did not receive any notice of the rejection. BofA reduced my other credit card limits significantly without my approval or prior notice.

The new 0% interest card has such a low credit limit it is totally useless. The proposal for the card application did not mention any negative actions as a result of applying for this card. I read through the fine print on the application and nothing was mentioned about rejecting my balance transfers requests or significantly reducing my current credit limit without notice because I submitted their credit card application.

That was information I would have found necessary in determining to apply for the new card or not. I think BofA is a fraud and I'm proceeding with a formal complaint process with the authorities.

Product or Service Mentioned: Bank Of America Credit Card.

Reason of review: Not as described/ advertised.

Monetary Loss: $20000.

Preferred solution: Deliver product or service ordered.

Bank Of America Pros: Previously reliable.

Bank Of America Cons: Credit card application fraud, Misstatement of facts, Fine print.

  • Credit Card Application Fraud
Do You Have Something To Say ?
Write a review

Comments

You will be automatically registered on our site. Username and password will be sent to you via email.
Post Comment

Bank Of America Reviews

  1. 308 reviews
  2. 81 reviews
  3. 31 reviews
  4. 14 reviews
  5. 8 reviews
Bank Of America reviews