Hello,
How can we change a fixed interest rate to a non-variable or variable interest rate on our new rewards credit card? I believe there was old language that stated if you offered a credit card at fixed rate then you had to stay at fixed rate for the life of the credit card. My second question is in regards to the notification required. Is a change in terms notice sufficient? Could we just notify our current members that we are no longer offering the old card and present our new card option? I appreciate any information someone could provide.
Thank you!