Opt out of the rate increase

Since the government decided to throw raw meat at a rabid dog (oops, I mean bailout the banks) they are insane with hunger. Advanta is particularly notorious for this. I see at least a couple of class action lawsuits against Chase for this very thing.

However, with that rate increase you will receive a Federally-mandated disclosure notice. That will tell you what date it starts, and what are the terms, and how you can opt out. Usually, you can close the card and pay it off to get around it. Sometimes, the rate increase will only apply for current and future purchases, not past ones so by never using it again you may be able to pay it all off with the old rate.

:sigh: :roll:

Another way to stick it to the serfs to show us that we are PWND.

Thanks for the reply, I thought as much but wasn't certain.