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Section 2 article 111 basically allows a creditor to increase an APR on the existing credit card balance only if the increase is due solely to:

(1) a change in index; (2) expiration of the promotional rate; (3) payment was not received during the 30-day grace period after the due date; or (4) failure to comply with a workout plan. It further prohibits any such APR increase from exceeding the APR applicable to the particular category of transactions on the day before the effective date of the workout plan.Credit Cardholders' Bill of Rights Act of 2009 - (Sec. 2) Amends the Truth in Lending Act to prohibit a creditor from increasing any annual percentage rate of interest (APR) applicable to the existing balance on an open end consumer credit card account unless specified conditions are met.

(Sec. 3) 111-Prohibits imposition of a finance charge, with certain exceptions, upon a credit card account balance that is based on balances for days in billing cycles preceding the most recent billing cycle (double billing cycle) as a result of the loss of any grace period.

I hope this all makes sense to you, I am not an expert in this banking field and you would be best advised to seek further clarifications from a financial adviser or your credit card provider.

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