Van Bakel Hit by B of A's New Terms

I've blogged before about Bank of America's odious changes to their credit card agreements. The irony is that it ceases to be an "agreement" when one party changes the terms without consulting the other.

Now, one of my favorite bloggers, Rogier van Bakel, has noticed the changes to the terms of his Bank of America credit card account. In his post, he asks the most pertinent question:

Since when is deliberately screwing your loyal customers a better long-term proposition than serving them?

I can't imagine how it could be. If you own any shares of this stock, you'd better sell.

As a credit card user, I'm jettisoning Bank of America altogether for BB&T. I think Rogier should, too. And so should you, if you're a B of A credit card holder.