Your credit card company is required to send you a notice ________ before they can increase your interest rate,change certain fees (such as annual fees,cash advance fees,and late fees),or make other significant changes to the terms of your card.

Question

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According to the Truth in Lending Act, credit card companies are required to give a notice of at least 45 days before making significant changes to the terms of the card. This gives the cardholder enough time to assess the impact of the changes and decide whether to continue using the card or switch to a different one.

Your Credit Card Company Is Required to Send You a Notice