Can credit card companies raise your interest rate without notification?
by 
The Curious Bag
ANSWERS: 1
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Although it has traditionally been possible for credit card companies to raise interest rates without notification, the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act, effective February 22, 2010, stipulates that credit card issuers must notify cardholders at least 45 days in advance of any significant change in terms. Under the CARD Act, interest rates cannot be legally raised within the first 12 months of a new account's existence.
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