Question

Thanks to the Credit Card Act of 2009, if a credit card company wants to raise the interest rate on your card, they _____.

Question 1 options:

must give you 45 days notice

cannot

can only raise it by 1%

must offer you rewards or cash back

Question 2 (1 point)

 

Every credit card statement must include a toll-free number that offers people the opportunity to receive _____.

Question 2 options:

counseling on how to get out of credit card debt

rewards and cash back

a higher interest rate

the chance to close their account permanently

Answer 1

Question 1: must give you 45 days notice

Question 2: counseling on how to get out of credit card debt