Creditors must give 45 day advance notice if they are going to raise the interest rate and they cannot raise the interest rate on existing or outstanding balances.
Payments go toward your most expensive balances first.
You have a minimum of 21 days from the day your statement is mailed to pay.
There are no extra fees if you pay your bill by phone, mail, or online.
And that’s just the start! To read a quick list of all the changes, check out this explainer on BillShrink.com, a site that helps consumers find low-cost cell phone plans and credit cards.