I had a MBNA credit card with a 4.99% APR for life.  B of A bought MBNA, didn't post one of my payments on time and raised my interest rate to 28.99% and lowered my credit line saying I am now a "credit risk."  They also charged me late payment fees as well.

BofA is a greedy and unethical corporation.  I would love to be part of a Class Action Suit to not only recoup money I have lost in paying their interest rates and fees but also to warn potentional consumers.