Credit Card Maintenance (3)

Screen ID:  Screen Title:  Panel Number:

UCCMNT-50 Rate Maintenance 1727

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Access this screen by selecting Add (F8) or by selecting a rate and the Change option on the second Rate Maintenance screen.

Helpful Resources

Learn how to add a promotional rate to an online credit card.

Screen Overview

Use this screen to define a new credit card rate or to view an existing rate. The new rate is applied in the End of Day (EOD) process. If scheduled in advance, the new rate will be effective when that end of day process runs.

A Change Reason is required and is selectable from the configured reason codes as shown in the pop-up window.

Remember: There is no expiration date on a rate adjustment at the card level. To offer a rate for a limited time, you must create two rate adjustment records: one for the new rate and another to re-set or change the rate on a particular date. The effective date drives when the new rate will begin.

In this example, shown below, the default Cash Advance Charge Type is being reduced from 8.500% to 6.900% beginning on October 14, 2016. This feature could be used to offer an introductory rate or to match rates with a competitor.