This is what happened yesterday...Received letter from Bank of America stating they were raising my interest rate from 4.9% to 10.65. Here's the bull of it all: 4.9 was fixed from MBNA and continued by BOA. CC was obtained as a special offer for military around 1994. No late payments, never exceeded credit limit. Paid more than minimal requirement always. When I called they said that is just the way it is with the economy and all. What an answer. So I pay more so they can pay the head dudes. I don't think so. I emailed Air Force Sergeants Association since it was an AFSA CC offer and they would receive a % based on any purchase made by me. On their website they have a CC offer with BOA. I urged them to stop this based on what has happened to us. I am sure we are not the only people whose interest rates are rising for no reason and no fault of the cardholder. Beware service members. This needs to stop. Complain all you can if it happens to you. When you call them they don't care that you were or are a military member or veteran.