Comments on: Sometimes You HAVE to Ignore the Right thing to do! I Cancelled my Bank of America Credit Card Today http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/ Elite Personal Finance and Estate Planning Information for Everyone Sun, 14 Mar 2010 13:07:18 +0000 hourly 1 By: Credit Card Chaser http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-5857 Credit Card Chaser Sat, 21 Nov 2009 07:07:25 +0000 http://www.myjourneytomillions.com/?p=381#comment-5857 Sometimes it is worth the temporary decrease in your credit score to just go ahead and cancel any cards with new annual fees though. Sometimes it is worth the temporary decrease in your credit score to just go ahead and cancel any cards with new annual fees though.

]]> By: My Journey http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-4727 My Journey Fri, 28 Aug 2009 13:52:11 +0000 http://www.myjourneytomillions.com/?p=381#comment-4727 John, Thats crazy! It seems like NO one talks to each other in these companies. I was just on the phone with discover (2 year old account) they offered me a promo rate for purchases of 1.9% till april?! You should look into a balance transfer to another card or maybe even proper/lending club. You shouldn't be paying 18.9%! John,

Thats crazy! It seems like NO one talks to each other in these companies. I was just on the phone with discover (2 year old account) they offered me a promo rate for purchases of 1.9% till april?!

You should look into a balance transfer to another card or maybe even proper/lending club. You shouldn’t be paying 18.9%!

]]> By: John http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-4721 John Thu, 27 Aug 2009 19:22:21 +0000 http://www.myjourneytomillions.com/?p=381#comment-4721 I had something similiar when Discover decided to increase my percentage rate, even though I'd had the card for over 12 years. It's a card that I have a $7,000 limit, and unfortunately carry a large balance on (I'm paying off, slowly but surely). They wanted to increase my rate to 18.9%, even though I've been a customer for 10+ years, and have never once been late with a payment. I told the rep on the phone that is this rate hike really worth Discover losing a customer for life, that I'd been a good customer of theirs for over a decade, and considering I'd never been late, why would they raise the rate. The guy told me there was nothing he could do, but in 6 months, if I call back in, they'd "relook" at the situation and see if they could lower it back down... I told him to cancel the account, and in 6 months the card will be paid off and Discover will never see another penny of mine again. I had something similiar when Discover decided to increase my percentage rate, even though I’d had the card for over 12 years. It’s a card that I have a $7,000 limit, and unfortunately carry a large balance on (I’m paying off, slowly but surely). They wanted to increase my rate to 18.9%, even though I’ve been a customer for 10+ years, and have never once been late with a payment. I told the rep on the phone that is this rate hike really worth Discover losing a customer for life, that I’d been a good customer of theirs for over a decade, and considering I’d never been late, why would they raise the rate. The guy told me there was nothing he could do, but in 6 months, if I call back in, they’d “relook” at the situation and see if they could lower it back down… I told him to cancel the account, and in 6 months the card will be paid off and Discover will never see another penny of mine again.

]]> By: Financial Update 3/4/09 | My Journey to Millions http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-4394 Financial Update 3/4/09 | My Journey to Millions Thu, 06 Aug 2009 21:55:57 +0000 http://www.myjourneytomillions.com/?p=381#comment-4394 [...] its 0% is ending soon; after that my plan is to eradicate the Bank of America #1 since I got into a fight with them and shut the account.  After that I will have to reasses the situation to determine when each other 0%er is running out [...] [...] its 0% is ending soon; after that my plan is to eradicate the Bank of America #1 since I got into a fight with them and shut the account.  After that I will have to reasses the situation to determine when each other 0%er is running out [...]

]]> By: Where are your Tax Dollars Going? | My Journey to Millions http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-615 Where are your Tax Dollars Going? | My Journey to Millions Mon, 26 Jan 2009 05:59:58 +0000 http://www.myjourneytomillions.com/?p=381#comment-615 [...] Those dirtbags at Bank of America are taking $25bil [...] [...] Those dirtbags at Bank of America are taking $25bil [...]

]]> By: My Journey http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-601 My Journey Wed, 21 Jan 2009 18:53:00 +0000 http://www.myjourneytomillions.com/?p=381#comment-601 @Sean - I just read your post about your hassels and chase trying to charge you $10 bucks a month! What the hell is wrong with these financial companies? They are drowning and trying to nickel and dime customers they'd make more on just leaving everyone alone. @Peter - I almost always keep my cool, I know it is necessary! But train them better and they would have my interest payments lol @Sean – I just read your post about your hassels and chase trying to charge you $10 bucks a month! What the hell is wrong with these financial companies? They are drowning and trying to nickel and dime customers they’d make more on just leaving everyone alone.

@Peter – I almost always keep my cool, I know it is necessary! But train them better and they would have my interest payments lol

]]> By: Sean http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-600 Sean Wed, 21 Jan 2009 16:57:39 +0000 http://www.myjourneytomillions.com/?p=381#comment-600 I applaud the choice to drop BoA. We're in high debt killing mode right now, and don't care all that much whether our credit scores hit 350 at this point. Chase recently attempted something similar to us. They decided $10 a month and bumping us from 2% to 5% as a minimum payment was a smart business move. So even though Chase was our longest running active credit card, and we'll probably get a healthy ding to our credit report because of this, we told 'em to take a flying leap and just closed the account. A credit score is no reason to tolerate being treated poorly by the businesses you frequent! <abbr><em>Sean’s last blog post..<a href="http://irregularpayments.com/2009/01/08/chase-can-bite-me/" rel="nofollow">Chase Can Bite Me</a></abbr></em> I applaud the choice to drop BoA. We’re in high debt killing mode right now, and don’t care all that much whether our credit scores hit 350 at this point.

Chase recently attempted something similar to us. They decided $10 a month and bumping us from 2% to 5% as a minimum payment was a smart business move. So even though Chase was our longest running active credit card, and we’ll probably get a healthy ding to our credit report because of this, we told ‘em to take a flying leap and just closed the account.

A credit score is no reason to tolerate being treated poorly by the businesses you frequent!

Sean’s last blog post..Chase Can Bite Me

]]> By: Peter http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-597 Peter Wed, 21 Jan 2009 14:38:00 +0000 http://www.myjourneytomillions.com/?p=381#comment-597 It can be easy to lose your cool with those customer service reps sometimes. They often don't know what they're doing, and are just reading off a script (or clicking on a script and copy/paste in the chat). I called to cancel a credit card recently, and got transferred to the cancellation department where they gave me the upsell trying to get me to stay. Luckily I'm a Dave Ramsey fan too and had already cut up the card. <abbr><em>Peter’s last blog post..<a href="http://feedproxy.google.com/~r/BibleMoneyMatters/~3/kWj9tzDgdU8/rates-are-low-is-it-time-to-refinance-our-mortgage-story.html" rel="nofollow">Rates Are Low. Is It Time To Refinance? Our Refinance Story</a></abbr></em> It can be easy to lose your cool with those customer service reps sometimes. They often don’t know what they’re doing, and are just reading off a script (or clicking on a script and copy/paste in the chat). I called to cancel a credit card recently, and got transferred to the cancellation department where they gave me the upsell trying to get me to stay. Luckily I’m a Dave Ramsey fan too and had already cut up the card.

Peter’s last blog post..Rates Are Low. Is It Time To Refinance? Our Refinance Story

]]> By: My Journey http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-596 My Journey Wed, 21 Jan 2009 13:56:26 +0000 http://www.myjourneytomillions.com/?p=381#comment-596 The Wife has a checking account with Bank of America for business purposes and even that annoys the hell out of me! They have (or at least had) minimum account balance requirements! In this day and age, with free checking from Wamu/JP Morgan, TD/Commerce, and I think Capital one - it begs the question...who the hell do they think they are!? <abbr><em>My Journey’s last blog post..<a href="http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/" rel="nofollow">Sometimes You HAVE to Ignore the Right thing to do! I Cancelled my Bank of America Credit Card Today</a></abbr></em> The Wife has a checking account with Bank of America for business purposes and even that annoys the hell out of me! They have (or at least had) minimum account balance requirements!

In this day and age, with free checking from Wamu/JP Morgan, TD/Commerce, and I think Capital one – it begs the question…who the hell do they think they are!?

My Journey’s last blog post..Sometimes You HAVE to Ignore the Right thing to do! I Cancelled my Bank of America Credit Card Today

]]> By: Kimmy B. http://www.myjourneytomillions.com/articles/sometimes-you-have-to-ignore-the-right-thing-to-do-i-cancelled-my-bank-of-america-credit-card-today/comment-page-1/#comment-594 Kimmy B. Wed, 21 Jan 2009 06:43:29 +0000 http://www.myjourneytomillions.com/?p=381#comment-594 I had a similar experience with Bank of America last week. I ended up hanging up the phone before I blew up on that particular call. I've worked in customer service and understand what it's like to be on the other end of the line. Unfortunately, that being said, sometimes I run into people that make it difficult for me to have that type of sympathy. I'm considering closing my checking account with Bank of America. I no longer use credit cards either (Thanks to Dave Ramsey). Kimmy B. "The Prosperity Blogger" http://www.prosperityblogger.org I had a similar experience with Bank of America last week. I ended up hanging up the phone before I blew up on that particular call. I’ve worked in customer service and understand what it’s like to be on the other end of the line. Unfortunately, that being said, sometimes I run into people that make it difficult for me to have that type of sympathy. I’m considering closing my checking account with Bank of America. I no longer use credit cards either (Thanks to Dave Ramsey).

Kimmy B. “The Prosperity Blogger”
http://www.prosperityblogger.org

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