Bank of America raised my APR from 12.9% to 22.49% even though I never made a late payment or exceeded my credit line. They claim I was notified in advance and could have opted out. I was never given that option and only found out when I got my statement. I argued with them, but they will not change it back to 12.9%.

I am seriously considering refusing to make any more payments on this account unless they do. I receive a military retirement and Social Security, so if the account goes into collection, neither of these can be garnished under Federal law, so they would recover nothing.