The Credit Card Accountability Responsibility and Disclosure Act (Credit CARD Act) imposes restriction on how often interest rates on cards may be changed.

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The Credit Card Accountability Responsibility and Disclosure Act (Credit CARD Act) does impose restrictions on how often interest rates on cards may be changed. The Act requires credit card companies to provide a 45-day notice to cardholders before any changes to the card's interest rate can take effect. Additionally, the Act prohibits the retroactive increase of interest rates on existing balances, except under certain circumstances such as if the cardholder is more than 60 days late on a payment.