Yes, you can reject the new terms. Generally you jut have to call the number on the back of your card. But, in doing this, the credit card company is going to cancel your account, so you’ll need to pay off your balance immediately. So its really a case of accept the terms or get rid of the card.

The first thing I would do is check the contracts carefully. It is my understanding that credit card companies have a card blanche as it were to do as they see fit. An example of that would be acquiring a card that offered a low interest rate, but if you are late by one day they can raise it up to 18% or so immediately and there is nothing you can do about it. You might try calling them in regards to your question but good luck with that. By the time you get through a barrage of hitting this number or that number you will probably end up getting someone who you cant even understand anyway. I know I paint a bleak picture of credit card companies but I have personally had my own share of them. One thing to remember however is if you dont make the payments they prescribe, you may take a hit on your credit report. If you do that it will be a drastic loss for you. Credit card hits are major and you could drop a lot of points. When you do that it will affect all your purchasing power for future purchases or home loans etc.. Credit card companies hold a lot of power in the American economy and is backed by the government, ie. Whenever a person filed bankruptcy they couldnt claim credit card debt. Thank god that didnt pass but our president was for it. Credit cards was one of the main reasons why there are more chapter 13 bankruptcies than chapter 7 bankruptcies. Good luck with the fight over your amendment to your agreement, you will need it.