If Bank of America has decided that dealing with you is “risky business,” you’re gonna get smacked with a $59 annual credit card fee starting in May. What makes a customer a potential target for the new fee?

• Credit card is only Bank of America product you have
• Regularly make late payments
• Below-average FICO score
• Carry balance close to your credit limit
• Have an interest rate around 14%

Customers targeted for the adverse action have an average interest rate of around 14%. Notices are going out this week to the around 5% of impacted customers.

New annual fee for select BofA credit card holders [Bloomberg]

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