Originally Posted by
roundtree
That restriction is due to Federal regulations. The card issuer is prohibited by law from changing the terms of your card less frequently than every 12 months. Hence, the waiting game...
I sure do not know, but this seems silly. If I cancelled my card in under 12 months, then the terms change. I understand the BANK can not change stuff, but as a consumer, I can change things, like cancel, etc.
We will have to wait and see. I am thinking lots of people getting error messages are just not targeted.