Title 15 — Commerce and TradeRelease 119-73
§1666i–2 Additional limits on interest rate increases
Title 15 › Chapter CHAPTER 41— - CONSUMER CREDIT PROTECTION › Subchapter SUBCHAPTER I— - CONSUMER CREDIT COST DISCLOSURE › Part Part D— - Credit Billing › § 1666i–2
Summary
Card issuers cannot raise a card's annual percentage rate, fee, or finance charge until one year after the account opens, unless the increase is one of the types listed in 1666i‑1(b)(1)–(4). A promotional rate (as defined by the Bureau) cannot be raised until 6 months after it starts, though the Bureau may set reasonable exceptions.
Full Legal Text
Title 15, §1666i–2
Commerce and Trade — Source: USLM XML via OLRC
(a)Except in the case of an increase described in paragraph (1), (2), (3), or (4) of section 1666i–1(b) of this title, no increase in any annual percentage rate, fee, or finance charge on any credit card account under an open end consumer credit plan shall be effective before the end of the 1-year period beginning on the date on which the account is opened.
(b)No increase in any annual percentage rate applicable to a credit card account under an open end consumer credit plan that is a promotional rate (as that term is defined by the Bureau) shall be effective before the end of the 6-month period beginning on the date on which the promotional rate takes effect, subject to such reasonable exceptions as the Bureau may establish, by rule.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2010—Subsec. (b). Pub. L. 111–203 substituted “Bureau” for “Board” in two places.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Effective Date
Section effective 9 months after May 22, 2009, except as otherwise specifically provided, see section 3 of Pub. L. 111–24, set out as an
Effective Date
of 2009 Amendment note under section 1602 of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1666i–2
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73