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Title 15, Commerce and TradeRelease 119-110

§1666i–2 Additional Limits on Interest Rate Increases

Title 15 › CHAPTER 41 — CONSUMER CREDIT PROTECTION › SUBCHAPTER I — CONSUMER CREDIT COST DISCLOSURE › Part D — Credit Billing › § 1666i–2

Last updated Sep 22, 2026|Official source

Summary

Credit card companies must not raise the annual percentage rate, any fee, or any finance charge on an open-end credit card account during the first year after the account is opened, except for a few specific exceptions listed elsewhere in the law. If you have a promotional interest rate (as the Bureau defines it), the card issuer must not increase that promotional rate for at least 6 months from the day the promotional rate starts, unless the Bureau makes reasonable exceptions by rule.

Full Legal Text

Title 15, §1666i–2

Commerce and Trade, Source: USLM XML via OLRC

(a)Limitation on increases within first year
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)Promotional rate minimum term
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

Sep 22, 2026

Release point: 119-110