Bank of America raises transaction fees

Am bummed. Couple of my credit cards are from Bank of America and now BofA has raised transaction fees to 4% of the transfer amount.

A balance transfer of $10K will cost you $400 in transaction fees.
A balance transfer of $20K will cost you $800 in transaction fees.
A balance transfer of $30K will cost you $1200 in transaction fees.

This should put an end to consumer binge spending.

Check out the 'Special Rules for Credit Card Purchases' ...eye-opener for me!