After a divorce, I opened a credit card with Bank of America and a American Express Card that would deposit cash earned for purchases into a college saving plan for my daughter. I was not so happy to learn that both of these accounts are held by FIA card services. The latest and greatest mail from them has been their notification that all accounts with past due balances will go to a rate of 29%. At this point, I do not want to cancel the cards as they are part of re building my credit. However, I would NEVER recommend a Bank of America card or any card that is placed by this organization.