Answers about Changes to Credit Card Terms and Other Forms of Credit
Select from the following questions about changing the terms of credit cards, home equity lines of credit, and other personal credit.
- Can the bank change the account terms on my credit card account?
- How must the bank notify me when it changes a significant term on my credit card account?
- Can I reject changes to my credit card account?
- My credit card has a fixed rate. Is the bank allowed to raise it?
- How often can the bank change the rate on my credit card account?
- I just received a notice saying that the rate on my credit card account is going to increase in 45 days. Can I continue making purchases with my card at the existing rate for 45 days?
- After I made a late payment on my credit card, the bank notified me that it intends to raise my interest rate. Can the bank do that?
- The bank raised my interest rate because I made a late payment on an account with another bank. Can the bank do this?
- Does the bank have to give me advance notice of changes to my line of credit?
- Can I reject a change to my line of credit?
- Does the billing cycle have to be 30 days?