Vision Credit Education, Inc.

Bank of America has announced expected monthly debit card fees of $5 beginning in 2012. These fees will be assessed for any month that you utilize your debit card for a purchase. It does not matter if you enter the PIN on a debit transaction or sign for a purchase similar to a credit transaction. Read the rest of this entry »

One of Bank of America’s better known commercials indicated how quickly a transaction posted to your online banking console. One source of angst for many unsuspecting customers was that many bill payments did not reflect on the “Account Activity” summary even though these were reflected in the “Outgoing Payments” section of online “Bill Pay” for the same day.  Read the rest of this entry »

I reviewed my accounts with Bank of America using their online access. I have come to expect transactions to be posted right away on the site, yet I noticed that something did not add up. A quick chat with a Bank of America text chat specialist revealed the problem. Read the rest of this entry »

Credit card companies gave in to congressional pressure in 2006 to avoid some unpopular practices that had aggravated cardholders. As a result, increased regulation did not occur at that time. However, recent changes have prompted new action by the Treasury’s Office of Thrift Supervision. For many cardholders, these new regulations will not be in place soon enough to make a difference. Read the rest of this entry »

More and more credit cardholders are reporting that they have experienced interest rate increases on their credit cards in the second half of 2008. In many cases, this is due to no specific fault of their own. The reason is that universal default is making a comeback. Read the rest of this entry »