When I opt out of a credit card's rate hike, do I have to pay the balance off?

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HDSoftailGirl99

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I got a rate hike notice from a bank on a credit card and they gave me an option to opt-out, but they weren't clear about paying the balance off. I called the number but the recorded message was still was not clear. It reads to me that if I don't pay the balance by a certain date, that they will retro charge me the finance charges from the beginning of the balance. I haven't used the card in two years because it was a special finance offer for home flooring, I just owe a balance.
 
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