Originally Posted by BellaBoo
BOA said she didn't check the opt out square from the notice they sent last summer. My daughter had no idea they sent anything.
Yeah, they put that stuff in the fine print and bury it in with a statement or marketing materials, something to make you throw it out rather than notice it.
This is one of the reasons I stopped using credit cards.
If I were your daughter, I'd take the money out of savings to pay them off right away. If she doesn't have enough in savings, she ought to borrow from you or a friend. If she has a balance of several hundred dollars, she'll probably be paying a few hundred in fees.
It might be worthwhile to apply for another credit card, one where she can transfer the balance and get a no-interest-for-six-months offer. Then she can pay it off more slowly.
BOA might profit from fooling people initially, but they will overall lose business very fast. I imagine people will be quitting them by the thousands.