MillionDollarMan said:My notice said that the annual fee would take effect "due to your recent pattern of payments and transaction history."
Mine said:BofA mailer said:We are making this change in response to market conditions, new federal laws and regulations, and the increasing costs of providing unsecured credit. There was no mention of transaction history as a reason for that.

I received a notice today that BofA will be adding a $29 annual fee to a card that I only use for BillPay. The card was originally the 10% Cash Back MBNA card from ~2003 -- it's morphed a few times over the years, and it's currently a generic 1% Cash Back card. Before the change kicks in (I have until December 7 to reject the change), I might try to move the credit line to my Schwab 2% CC (which also has BillPay). MBNA/FIA/BofA have treated me well over the years, but the current crop of credit ninjas scare me.

My notice was apparently very similar to the one pnfisher received. I used the card primarily for BillPay, but did charge some purchases to the card with the intent to preserve BillPay. Has anyone received an annual fee notice on a co-branded card (E.g. Schwab or Fidelity) or is it just former MBNA cards that AREN'T co-branded that are being hit?

I have the following with no fees as of yet:

FIA Card Services - FIA Card Services Platinum Plus MasterCard
FIA Card Services - Fidelity 529 Rewards Platinum Plus MasterCard
Bank of America American Express Card
Bank of America Platinum Plus Visa

cameron2003 said:I guess I missed the newsflash. Is is speculation, or have people had adverse consequences calling BofA?

$35k in credit lines slashed down to the $5k balance I had on the card at the time. (June 09)

Judging from the article posted in this thread, it appears BofA is conducting an experiment levying fees of $29 to $99 on a 1% sampling of its cardholders to see just how high they can turn the heat before the frogs begin to jump out of the pot.

How the unfortunate few of you who have been chosen to participate in this experiment react will determine their future course.

Mike89 said:cameron2003 said:I guess I missed the newsflash. Is is speculation, or have people had adverse consequences calling BofA?

$35k in credit lines slashed down to the $5k balance I had on the card at the time. (June 09)

73k to 10.2k which was several hundred over the outstanding balance at the time. I was flabbergasted, they actually treated me like a responsible lender should. But the lemonade was sweet, as I was so impressed with the way they acted I bought 1000 shares of stock and it has gone up a few ticks since. That was March '09.

citifan said:For those that received the letters. Are these change of terms letters you are getting? Do they show up online (next to statements)?

Also, has anyone ever successfully activated Bill Pay Choice on a card that didn't previously have it? I've got it on my 2 BOA cards, my wife doesn't.

I had no trouble activating it for a new FIA cards that previously lacked it (the Schwab 2% card). Also, the ability to pay bills from BOA credit cards is readily available if you have a BOA checking account. Unfortunately, the two systems are on different screens. While both can be accessed from the BOA site, you cannot have all of your cards available on one site. (making it harder to avoid paying the same bill twice, etc.). However, FIA/BOA seems willing to shift credit lines among cards and you can put most of the line on a card/or cards on one system and use that one. Since certain bills can be paid only from the FIA site via credit card (HSBC for instance) that is the better one to use if you have a choice.

how do I check if my MNBA card was charged with annual fee? Even I did receive the letter, probably already threw away.

c3 said:chitrader said:how do I check if my MNBA card was charged with annual fee? Even I did receive the letter, probably already threw away.

You don't look at the monthly statements?

it is not in my most recent statement. is there anywhere i can check if this apply to my card?