For One, Credit Card Revolt Gets Results

Not to long ago, I wrote a post about a woman who decided to take a very private matter public when her interest rates were raised on her Bank of America credit card to over thirty percent. In that post entitled "Credit Card Revolt….What Would You Do?" it describes how youtube.com was used as the media vehicle of choice to gain the attention of anyone who would listen. Now it seems that the correct person was reached as according to CNN Money her rates were lowered to what she is comfortable.

According to reports not long after gaining a large media following, the woman got a call from Bank of America who was willing to negotiate a much lower interest rate. In fact, the interest rate was cut by more than half. So was her rate raised for not fault of her own? Well, it depends on who you ask. According to the lady, she has paid her minimum payments on time; but the bank says that she has two late payments and thus the reason for the interest rate increase.

Although this story got results from her youtube.com rant, do not expect this to be the outcome for everyone who decides to use this method. As you already know, she was not the first to try this nor will she be the last. It just so happened that her video and story was put in the limelight by the media.