Not resolved

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
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