Facts

• You credit card company may legally alter any of the terms of your original contract at any time.
  
  

Features

• The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 strictly prohibits a credit card company from changing consumers' contract terms without notifying the customer of the change prior to it taking place.
  
  

Time Frame

• If your credit card company plans to change the date your payment is due, it must provide you with written notification 45 days before the change is scheduled to take place.
  
  

Warning

• If you pay your credit card bill via an automatic bank draft on a certain day each month, be sure to reset your bank draft to adhere to the new due date. If you do not, you may incur a late fee and your credit card provider may increase your interest rate.
  
  

Prevention/Solution

• Some credit card companies allow you to choose the due date that is best for you. If your current credit card provider changes your due date, consider transferring the balance to a new card that will allow you to make your payments on the date you are most comfortable with.