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Credit unions are evaluating whether to switch their fixed rate interest rate credit cards to variable rate cards in advance to the change in federal laws governing credit card issuance.

Under the new rules, credit card issuers will not be able to change the interest rates on existing balances of fixed rate cards unless, for example, a cardholder is more than 60 days delinquent. But the new rules allow variable rates to be increased if they are indexed to an interest rate that is set by someone else, such as the Federal Reserve’s prime rate.

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