Bank of America Still a Predatory Lender

I am so sorry this has happened to you. Unfortunately, this bank is so
desperate for money that they are willing to screw over their
customers.
Way to to go Bank of America.

I think I can top your story. Because of non-usage my BOA credit card
account was cancelled. Two months later I received the same checks as
you did.

O gawd ... no we don't need a nationalized bank. It's bad enough the
government is taking over businesses. Considering all of the scandals
and political biases and kickbacks in the government, I really don't
think they'd know how to manage a single cow, let alone taking over
all of the banks and industries. And I'd rather not have them
directly in control of my money... never know when one of them might
decide to "dip" into our funds because they decide that their pet
project deserves it more than we do.

However as for using those checks... it is the individual's
responsibility to use those responsibly.

How do you know that if you would have used those checks your credit
limit would have been lowered? Like you said yourself, your limit was
lowered because you rarely ever use the card. Maybe if you would have
used those checks, you wouldn't have qualified to have your limit
lowered since you would have been using the account.

Moreso, your card has a zero balance so there was absolutely no risk
that the would be "preying" on you by lowering your limit. You don't
know the criteria the company used to lower the credit limit so you
don't know that they are "preying" on anyone.

There are too many variables in this situation and absolutely no
evidence that BOA is infact preying on anyone to accuse them of
something like this.

because I think, so what? Much ado about nothing?

The checks arrived before the credit limit decrease. Who cares. They
printed in mass separate from mailings about specific credit line
decreases. If you got the checks and used them, you would be fine.
If you were at $9,000 balance with a $10,000 credit limit, and they
lowered your credit limit to $6,500, they will not charge your an over
limit fee. As far as I understand with my cards, you would pay per
your terms, and as long as you were paying AND not charging more until
you were under your new limit, you would not have any problems at all.

Good letter, and I agree with your point re: the checks and then the
lowering of the limit.

Signed,

Another American Against Every Penny of the Bailout

I use my non-BoA card in a very similar manner to how you use yours,
and enjoy a nice cash rebate feature.

I never use those checks (there is a fee), I pay my balance every
month, and some of my cards I rarely use, same as you. I recently had
my first credit limit reduction, on a card I rarely use. Like you, it
won't affect me. They say you should use a card at least once every 6
months to keep the bank happy.

Now here's the thing: those cash advance checks come regularly, I'd
say every two months and sometimes every month for each card.

Are the checks for an unlimited amount (I have never looked)? If your
balance is zero on this rarely used card, you would have to write a
very large check to trip the old or new limit, right? My guess is
there is likely no connection between the timing of the checks and
that reduction. Those darned useless checks just come, and create a
disposal security hazard. Worse than junk mail.