Wednesday, June 25, 2008

Bank Of America Treats Parking Meter Payments As Cash Advances, Charges $10 Fee [Bank Of America]

Reader Gary used his Bank of America credit card to pay $2 on a parking meter in Washington, DC. Bank of America treated it as a cash advance and slapped him with a $10 fee, as well as a higher APR. When Gary called to complain, he learned that it wasn't an error: Bank of America has started treating payments to parking meters as cash advances and may even treat all payments to government entities as cash advances. For the unfamiliar, multispace meters, also called "Pay and Display" machines,