Bank of America is sending me balance transfer checks in the mail almost weekly and I’m guessing they’re desperate to reel in some fish that actually pays their bill so they can jack up the rate and make some money. Sorry, Bank of America, but I was only interested in your free zero/low rate loans for arbitrage but your new ridiculous balance transfer fees, interest rate jacking gimmicks, and overall mismanagement of bank deposits during the subprime crisis leads me to believe that I don’t want to do business with you.

Did I mention that BoA cut my credit line by 50% not too long ago? Hmmm….I wonder if they’ll be cut again should I dare take them up on their balance transfer offer? If they did, I guess I would be over my credit limit and have my rates jacked up? Wait, there’s that new legislation that would restrict these kinds of draconian activities right? Well, perhaps not because the law is full of loopholes.