Answers about Changes to Credit Card Terms and Other Forms of Credit
Can the bank change the account terms on my credit card account?
There are many types of changes the bank can make to your account, but there are also important protections for consumers. For example, there are limits on when the bank can raise your rate and certain fees.
Also, the bank generally must give you a written notice 45 days in advance of a change. You may have the right to reject the change, such as when the bank wishes to raise many types of fees. If you reject the change, the bank cannot apply it to your account.
Be sure to review your account agreement, which is the contract governing your credit card account. It provides information on changes that may occur to your account.