Jul 13, 2004 -- BOA printing balances on statements once again
Clark trashed Bank of America recently for deleting the amount customers owed on their payment coupons. BOA, the 3rd largest bank in the country, was listing only the minimum payment on coupons because the company basically wants you to pay more in interest. So, after lots of badgering from Clark, BOA has backed down. They are not the only ones. MBNA and American Express also tried this ploy and eventually returned to the old policy. So, starting next month, BOA customers will once again see their balances on their statements. Its never a good idea to only pay the minimum. If you never charged anything more on your card, but you only paid the minimum balance, it would take you 40 years to pay it off. So, stay away from minimum balances all together.