Change in Terms

The Change in Terms (CIT) screen displays pricing strategy changes. Each time you make a negative impact to the cardholder in fees or rates, the cardholder must receive notification prior to the change. Once the change is made in the system, if it requires a Change in Terms, then the system will trigger a pricing strategy change. This will make the change go on hold for the appropriate number of days while the cardholder is notified.

This screen will show you the following:

• Current Pricing Strategy
• Future Pricing Strategy
• Date change was made that triggered CIT
• Date the Change in Terms is effective

Hover over the Maintenance menu, under Account Properties click on the Change in Terms link.

Field Descriptions:

Current Strategy: Pricing strategy the account is currently in.

Next Strategy: Pricing strategy the account will be moved to.

CIT Method: A value in this field indicates that there’s a CIT on the account. This will identify the method pricing associated with the strategy Transaction Date: Date the pricing change was made that triggered the CIT.

Reason Code: Reason for CIT change.

CIT Effective Date: The date the new pricing strategy will be effective.

CIT Method History: This field displays if a previous CIT method was applied to the account in the past.

Protected Date: Approximate date that the balance was protected.