Restricts interest rate increases on existing balances. Credit card issuers cannot raise interest rates on existing balances, EXCEPT: When the increase varies under a variable interest rate. At the end of the promised time period for a promotional rate. If the required minimum payment is not received within 60 days after the due date. Increases notice for rate increase on future purchases. After the first year, the card issuer can raise the rate on future purchases with 45 days notice. No notice is required for increases due to one of the reasons stated above. . . . → Read More: New Consumer Credit Protections – aka Credit Card Reform