I have been a customer of Bank America for one year. During that time I accepted a promotional offer for a low rate charge card with no annual fee. Since opening the account I have paid as agreed and have not been late or gone over my limit.

I received a notice on June 22, 2009 advising me that a $50 annual fee would be charged as of July 1, 2009.

Bank of America did not give me enough notice to decide whether to pay the account off and and close the account to avoid the fee. If I do not accept the fee, my account will automatically be closed, the balance would become due and payable and my credit score will be affected due to "lender closing account" and availability of funds being reduced.

I believe that is is unethical for Bank of America to change account terms without sufficient notice. I believe that a customer with a good payment history should be treated with some level of respect, especially now in an environment where so many are defaulting.