Your credit card company is required to send you a notice 45 days 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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This is true according to the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009. This gives cardholders the opportunity to decide whether to continue using the card under the new terms or to close the account before the changes take effect.

Your Credit Card Company Is Required to Send You a Notice