Dear kasia rothfuss - Once the card was used a contract was created. It is the responsibility of the cardholder to read the contract and any notices etc so I see no way X can get out of the contract. The best option is to get the balance paid as quickly as possible in order to avoid the interest or to get another card and transfer the balance to a lower rate.
Unless the credit card company will agree to a lower rate I don't believe X has an argument. Most of these rates are advertised as "introductory" or some other adjective in order to get customers t switch. I always think of it as a legal form of "bait and switch" but I can't change the law.
Dave Kennett
This is an executory contract that offers the availability of credit as the consideration and when the credit is used it becomes a contract. I don't have a copy of the contract to review but generally these contracts or offers contain language giving the credit card company the right to raise the rate after a certain amount of time. The fact that the customer doesn't read the language is not a defense.
Dave
It is sufficient. Once the customer uses the card he is accepting the terms of the contract. In this case I would assume he would also have had to OK a transfer of the balance as part of the introductory offer so that would certainly be an acceptance of the contract terms.
Lawyer (JD)
25 years experience in general law, including real estate, criminal, traffic, and domestic relations