I am closing my Orchard Bank credit card since they are jacking my interest rate to 27.99% for no reason at all. Their crappy $59 annual fee gets charged to my card at the end of the month, but if the account is closed, they can't charge me this, right? Thanks for your help.
Check the fine print. BofA chargest the annual fee for as long as you have a balance, even if the account is closed.