Common use of Changes in Terms Clause in Contracts

Changes in Terms. We may change terms of this Agreement by giving you advance notice required by law. Changes we can make include changing fixed interest rates, changing variable rate formulas, changing variable rate accounts to fixed rate accounts, changing fixed rate accounts to variable rate accounts, and adjusting, adding or deleting fees. Changes of this type will generally apply only to purchases and cash advances you make 14 days after we send you the change in terms notice, so you can avoid the changes by not using your account for new transactions. You can reject changes any changes that would otherwise apply to existing balances by notifying us to close the account, in which case you will be permitted to pay off any outstanding amounts under the old terms of your agreement with us.