What consumer rights do I have when it comes to credit cards?

When it comes to credit cards issued by businesses in Delaware, you have certain consumer rights that protect you from being taken advantage of by the credit card company. In the state of Delaware, credit card companies must provide you with clear and concise information about the terms and conditions of your credit card agreement. This includes clear disclosures of annual percentage rates (APRs), fees, and other charges. Additionally, credit card companies cannot increase your interest rate unless you have been given at least 45 days advance notice. Delaware law also requires that credit card companies give you the ability to dispute incorrect or fraudulent charges on your card. If you believe a charge is wrong or unauthorized, you can notify the credit card company to have the charge removed from your account. If the credit card company does not investigate your dispute within two billing cycles, then it must remove the charge from your statement and refund any applicable fees. In addition, Delaware prohibits credit card companies from charging unreasonable fees. These include excessive late fees, over-the-limit fees, and returned payment fees. Moreover, credit card companies cannot charge interest on balances that are paid on time. Finally, Delaware law prohibits credit card companies from engaging in deceptive marketing practices. This means that credit card companies cannot make false or misleading statements about their products, including their interest rates, fees, or rewards programs. They must also provide you with easy access to any promotions or discounts they are offering.

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What consumer rights do I have when it comes to credit cards?

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