Bank of America's New Minimum Finance Charge
Bankrate.com's Holden Lewis blogs about a recent change Bank of America made to its credit cards fees - imposing a $1.50 per month minimum finance charge. He explains that while the initial notice he received was confusing, the bank clarified that the fee does not apply to transactors - those who pay off the balance in full each month - but to revolvers and sets a minimum finance charge amount for them.
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