Monday, October 26, 2009

Got Perfect Credit? You Could Be Charged For It!

Earlier this month Bank of America started notifying customers like Mullen-Kress that they will be charged a new annual fee of $29 to $99.

Oh no. Four years ago, when I came from Ukraine to US, I was surprised how many people are building their lives around their credit scores. I was, like: "What the heck? The biggest contributors to economy and stability of country are the most affected by any change in this. People who don't care, they keep not paying any attention at all. Banks are taking earners money and throw away to bring more assholes, who just don't care."

I can explain to myself while I keep paying my Bank of America's credit card's fee, which is $29 annually. It was my first one, starting from secured credit card, which I put a $100 to get $500 credit limit (which was actually the best deal I could get around), eventually morphing into more appropriate type of the card, but keeping $29 annual fee (I got it, BofA!). However, any other card that will ask for money will go straight the trash. I'll be the one who doesn't care, but I'm not going to give you any cent more for working my ass off.

# Posted via web from opportunity__cost