My new Bank of America platinum account online and phone statements have an error in the payment amount due. The usual amount due is $90+ per month, and this month both the online and phone statement have a payment due amount of $27.63. I haven't received my mail statement yet. I called customer service this morning, and they verified that the amount due is $90+ and there was an error on their part. HOWEVER, I didn't ask what would happen if I paid the smaller amount. The minimum amount due should be 2.2% of the balance, so I would suggest that in order to avoid any problems you pay this amount. BOA would probably credit any underpayment fees under the circumstances, but paying the 2.2% would avoid the hassle.
I have always liked BOA, but I noticed they do have problems getting their billing right. Every month my bill for my car payment shows $0 due for the next payment (both the mailed statement and the online one). I know how much I owe, so I make the correct payment. They have never gotten it right. The balance owing is correct, so I don't worry.
Some credit card companies have "PAY AHEAD" privileges...min payment ($100.00 you pay $200.00...the next month you can pay $0.00 if you want...) BofA doesn't???
I always pay the min. + what ever is needed to make it even (after payment is posted)... If I owe $2,587.32 with min payment ~$56.92...I just pay $87.32...or $187.32
At 4.75% (FOR LIFE) I WON'T pay it off too fast...but I want them to give me a limit increase also... Many people have said that they get better limit increases with making bigger payments...
