Bank of America is imposing a 59 dollar annual credit card fee on 5% of their customers who they consider to be bad credit risks. Even if the customer has never been late on their payments, they will still impose this "punishment fee".
Apparently, the reason being given for this 59 dollar fee is "if you closed your card and tried to get another one, you would not get as low of an interest rate". (If your jaw just did not drop, keep rereading the quote until it does).
If only 5% of Bank of America customers are being penalized, that would mean that if all Bank of America customers shared the cost, it would cost each customer 3 DOLLARS A YEAR. Instead of charging everybody 3 DOLLARS A YEAR, Bank of America has instead chosen to taunt 5% of their customers with a 59 dollar annual fee instead.