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  • Schumer Box For A Pre-approved Credit Card

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7.4.2.E1 HandoutSample Credit Card Offer 1 Schumer Box for a Preapproved Credit Card Annual Percentage Rate (APR) for Purchases APR for Balance Transfers APR for Cash Advances Penalty APR and When.

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A Schumer box is a table that displays the rates and fees for a credit card. It lists important disclosures like the interest rates and fees, the annual fee, and any transaction fees.

The Schumer box includes: Annual fee if applicable. Annual percentage rate for purchases (APR) Other APRs (balance transfer, cash advances, default APRs) Grace period. Finance calculation method. Other transaction fees (balance transfers, late payments, exceeding credit limit fee, cash advances)

The law requires that any fees associated with the purchase of goods or services using a credit card be disclosed, so if a particular credit card tacks on a charge for buying something in another country, it has to be disclosed in the Schumer box.

What does the Schumer box tell you? Broadly, two main things: interest rates and fees.

Where do you find the Schumer box? If you're already a cardholder, the Schumer box will be a hard-to-miss table generally found on the first page of the card agreement that was mailed to you. Look for a "rates and fees" link.

Key Information in a Schumer Box Purchase APR. The interest rates on all purchases have to be visibly disclosed. ... Other APRs. ... Fixed/Variable Rates. ... Grace Period. ... Annual Fee. ... Interest Calculation Method.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232