BoA New Credit Card Penalty Interest Rate Nearly 30%

Bank of America credit card holders, beware. If you’re late on a monthly payment, that little “oops” might become a big “ouch”: Your future balances could be subject to a penalty rate of nearly 30%, notes a report Wednesday in The Charlotte Observer. The penalty rate will not be applied to previous balances, however.

See full article from DailyFinance: http://srph.it/efiOe0


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