I have a Bank of America Power Rewards Card provided thru FIA Card Services based out of Wilmington, Delaware. I received a letter in the mail recently telling me that my rate would be raised from 19 percent (which was already outrageous) to 27.99%. I have an excellent record of payment and make more than minimum payments on my credit cards. I was very angry to receive this notice. According to the notice, information was acquired via TransUnion which precipitated the increase. I have NEVER made a late payment to this card and I have always payed more than the minimum payment on a monthly basis for at least 4 years. I have now written the required note to reject the amendment. This means that after February 28th, I will not be able to use this card otherwise it will default to the 27.99 interest rate. THIS IS 24 POINTS HIGHER THAN THE CURRENT FEDERAL RESERVE BANK INTEREST RATE (3.5 as of this writing)!!! NOT EVEN A LAS VEGAS LOAN SHARK WOULD VIG AS HIGH AS THIS! I will be paying this card off and closing it immediately. To take money from hard working people who actually make their payments on time to their outstanding debts is beyond despicable and deplorable. These heartless organizations are not deserving of our investment. My only hope is that this move will diminish their customer base and drive their organization along with their vampiric practices right into the grave of bankruptcy.