Isn't it like a contract, and once you sign it it should never change?
How come they can just change your user agreement when you signed it 10 years ago?

I don't know for sure Bob, but usually they have a fine print waiver in there that they have the right to change the agreement at any time. :(

That was one of the things they were allowed to get away with when the credit card industry was deregulated.
The fact that they can change the rules WHENEVER they want, and do so just by adding a practically unintelligble insert just plain stinks.
Then there's the issue of using ANY OTHER bills you pay a a basis for setting your interest rate. So, say you happen to pay your car payment, waterbill, or phone bill late. They will use that as justification for raising your interest rate just as if you had paid them late.
I believe the term was "mutually assumed risk". That should be illegal, but because the industry was deregulated, they can do whatever they please, and do to US!

get an amex

Built into the terms and conditions you give them the right to change 'em.

The way they get around the waiver now is they have you send them a letter with your account information and say that you decline the new terms and you get to keep the previous rate, BUT!!!!! they are working it now so that they close the account and you pay the balance with the old rate until it is paid off .... smart, they get you coming or going! Friggan banks got you by the short hairs! :realmad: