It is Not Your Friend.

See Bank of America.

See Bank of America wig out in the face of economic meltdown.

See Bank of America punish credit card holders* while niggling for one more hard, fast hit of green. (Naughty, naughty green.)

I got my "Important Amendment" letter two weeks ago. The verdict: a brand-new APR of over 19 percent.

After 5 years of on-time payments and happily-indebted loyalty! Come on.

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* Via Candace.