Credit and Charge Card Disclosure Amendments of 1991

Credit and Charge Card Disclosure Amendments of 1991 - Amends the Truth in Lending Act to require credit card account statements under an open end consumer credit plan to disclose to the consumer any changes in the terms of such accounts (including interest rates) before such revised terms may take effect.

Mandates that certain credit card account information be: (1) included in tabular form in application envelopes; and (2) disclosed in radio and television advertising.

Authorizes cardholders to rescind use of their accounts upon receiving notice of interest rate increases. States that upon notifying the creditor of the cardholder's option to rescind further account use, the outstanding balance at the time of such notification shall be subject to the terms in effect on the date of cardholder notification of such increases. Provides that subsequent use of the account by the cardholder negates the debtor's rescission election and renders such debtor liable for foregone interest and finance charges.