MBNA Bank Of America deceptive, possibly fraudulent changes to cardholder agreement, jacked my rate up 500%, during merger Ripoff Baltimore Nationwide

I just found out today that my 'promotional' interest rate went from 3.99% to 19.98%, an unknown number months ago.

I was told this was a result of MBNA merging with Bank of America.

The customer service rep told me they sent me a letter 'asking' if this was okay, and telling me that if I didn't answer, the rate would go up. I never got such a letter.

During phone calls, I was told the new rate became effective in June 2006. Then I was told it happened in March 2006, January 2006, April 8 2006, and December 2005.

I have always paid my bill on time, and usually more than the minimum amount due.

This has cost me over $6.00 per day for months.

Michael
Santa Barbara, California
U.S.A.