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The US Sun

Bank of America suddenly closed all my credit card accounts for no reason – I’m ‘ready to eat the rich’ in revenge

By Forrest McFarland,

2023-11-25
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A BANK of America customer has claimed that all of her credit cards were abruptly canceled with no warning even though she never missed a payment.

Jessica, a customer of 20 years, said she was ready to "eat the rich" for dinner when she couldn't afford to buy her groceries.

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Bank of America customer Jessica claimed that all her credit cards were abruptly canceled with no warning even though she has never missed a payment Credit: TikTok/ wheresmydamnchapstick
Bank of America customer Jessica claimed that all her credit cards were abruptly canceled with no warning even though she has never missed a payment Credit: TikTok/ wheresmydamnchapstick
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She said she was trying to shut down one account when the bank canceled all of her cards at once Credit: Getty
She said she was trying to shut down one account when the bank canceled all of her cards at once Credit: Getty

In a video, the TikToker (@wheresmydamnchapstick) opened by saying she had been struggling to balance her financial debt with her credit card payments.

The hiked interest rates and increased cost of living left her in a critical situation, and she had to call Bank of America for some help.

She told the bank that she had been a valued customer who hadn't missed a payment for 20 years and asked what her options were.

"I talked to them about one particular card that is just out of control,"

she said, explaining that the minimum amount required to pay each month was too high.

The bank offered her a deal that would give her a lower minimum and decreased interest rate for 60 months, but she had to cancel the credit card.

"So I'm like that sucks, but it's OK because I have other cards," she said.

Jessica explained that she had opened other accounts to supplement rent payments that she couldn't afford at the moment and fund monthly subscriptions necessary for her job.

Before agreeing to the deal, Jessica said that she made sure to ask that her other cards would remain open.

She was thinking, in particular, of one credit card that has an 11% interest rate which is "unheard of."

"You can't get that anymore. It's like a lifeline," she said.

According to the TikToker, the bank employee assured her the other cards would be fine, so she took the deal.

But later during a shopping trip, Jessica was horrified when none of her cards would go through at checkout.

"With not so much as a message in the app, a phone call, an email warning, they canceled every single credit card that I have with them," she said.

After a frantic phone call with her bank, Jessica said she learned Bank of America reviewed all of her other cards and decided to shut down the accounts.

Now, she's wondering how the company has the power to cancel all of her credit cards without even giving her a warning.

Outraged by the incident, Jessica told her followers: "I've got nothing left to lose guys.

"I was already hungry, but thank you Bank of Scamerica for making sure that I'd be starving.

"So that when it comes time to eat the rich, I'll have plenty of room for you."

One of the most common reasons that companies shut down credit cards is because the card is not being used.

But companies and banks can also close an account if payments are not made.

They can also conduct a credit rating and see other issues that could lead to an abrupt closure.

The U.S. Sun has reached out to Bank of America for comment.

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