Can Credit Card Terms Change?

Can Credit Card Terms Change?

Credit cards are something some people are on the fence about, and others are ready to start using them. Everyone has different reasons for this but not everyone realizes that credit card terms can change. This may deter some people from using credit cards. Learning more about this may help you decide whether credit cards are for you. If you are struggling with bankruptcy, do not hesitate to talk to a Tullahoma bankruptcy lawyer about your situation.


credit card functions as a fast solution when you do not have enough money right away. The convenience of credit cards is what can make them so easy to lose control of. Credit cards work by letting people spend money but requiring this money to be paid back with interest.

The longer a person takes to pay off the debt owed on a credit card, the more the total debt increases. Higher interest rates mean more debt adds up faster. A marketplace full of wide varieties of credit cards does not make this much easier. Some credit cards have benefits attached while others come with low-interest rates.

Credit cards often become confused with debit cards but there are a few key differences. When it comes to credit and debit differences, the main one is that debit cards do not have interest rates. Debit cards do not accumulate debt that has to be paid off. Where credit cards let you spend money you do not have, debit cards are limited to the money you do have.

The negatives of credit cards are how they build up debt, create financial stress, and lead to financial problems. Debit cards may not have this issue, but they can limit your spending when you need to make a purchase now. A benefit of using a credit card is building your credit history. However, this can also turn into hurting your credit score.


Knowing credit card terms can change is scary for many people. However, credit card companies must give you at least a 45 days notice of the change. Some of the most common changes to credit card agreements include:

  • Interest rate calculations
  • Increases or decreases in interest rates
  •  Credit card fees
  • Minimum amount due
  • Grace period length and terms

You may not have to panic because in most cases, interest rates cannot increase on debt you already owe. However, this has still been known to happen on rare occasions. If you disagree with the new terms, you can deal with them or leave the credit card company. Leaving the credit card company means your credit card account will be closed.

The main consequence you may have to worry about is an increase in your monthly payment. You will be expected to continue paying off the owed debt.


Dealing with bankruptcy can be terrifying to take on alone. Start by contacting us at Tom Bible Law at (423) 690-7712 for a consultation today about your options. Our legal team of Tennessee bankruptcy attorneys might be able to help you escape bankruptcy. We serve clients throughout the Tennessee cities of Chattanooga and Tullahoma.

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