Target Visa Change Terms!!!!!!!!!!!

I recvieved a change term noitce enclosed with the statement.

Here is the notice:

IMPORTANT NOTICE---CHANGE IN ACCOUNT TERMS

We have made some changes to your Target Visa Credit Card Agreement ("Agreement"). The chnages are described below and will be effective on the first day of your billing period that begins on or after May 14,2003.

LATE PAYMENT FEE. We have changed the terms of the Late Payment Fee paragraph in section 8 (OTHER CHARGES") of the Agreement. Previously, we assessed your Account a Late Payment Fee of $29.00 each time any amount due remained unpaid after your Payment Due Date. This paragraph now reads as follows:

LATE PAYMENT FEE- Tou will pay a Late Payment Fee each time due remains unpaid after your Payment Due Date. The amount of the Late Payment Fee will be based on the date is assessed:

$15.00 if your Account balance is $150.00 or less;
$29.00 if your Account balance is greater than $150.00 and less than $1000.00;
$35.00 if your Account balance is $1000.00 or more.

Regardless of your Account balance, the Late Payment Fee will be $35.00 if your Account is subject to the penalty rate as described in section 7 of the Agreement in the paragraph called "DAILY PERIODIC RATE FOR DELINQUENT ACCOUNTS".

CASH ADVANCE ANNUAL PERCENTAGE RATE. For accounts that are currently subject to a Cash Advance Annual Percentage Rate of 18.9%, we have increased this rate to an ANNUAL PERCENTAGE RATE of 21.9%.

As a result , the paragraph in section 7 ("FINANCE CHARGES") of the Agreement called "DAILY PERIODIC RATE FOR CASH ADVANCES" now reads as follows:

DAILY PERIODIC RATE FOR CASH ADVANCES-The Daily Periodic Rate for Cash Advances is .060000% (corresponding ANNUAL PERCENTAGE RATE 21,9%)

The change to the Cash Advance Annual Percentage Rate will apply to existing Account balances on your effective date. The chnage to the Late Payment Fee will apply to Late Payment Fee assessed on or after your effective date.

If you don not agree to these new terms, you must notifyus by writing to Retailers National Bank,c/o Target Credit Services, P.O. Box 1376, MInneapolos, MN 55440-1376. We will close your account for furtheer use and you may repay your Account balance under previous terms. We must receive your written notice before effective date.

The following additional changes have been made to your Agreement and are effective immediately. Under section 8 ("OTHER CHARGES"), the OVER-THE-CREDIT- LIMIT- FEE under section 7 ("FINANCE CHARGES"). A TELEPHONE PAYMENT FEE has beed added to section 8 ("OTHER CHARGES") and provides that you will pay $10.00 each time you request over the phone that we transfer funds from your deposit account to pay your Targe Visa Account.