Schumer Box Review

Front

What does Variable APR mean?

Back

Variable APR means an interest rate that can fluctuate based on national standards.

Front

Which APR is applied when you try to withdraw cash from a bank or ATM using your credit card?

Back

APR for Cash advance

Front

What specific APR should Trevor be paying most attention to when transferring credit card debt?

Back

APR for Transfers

Front

Which type of APR is applied to the balance you don't pay off each month on what you've bought during that billing cycle?

Back

APR for Purchases

Front

Which type of APR is applied when you make a late payment?

Back

Penalty APR

Front

After withdrawing money with your credit card from an ATM or Bank, how soon is the Cash Advance APR applied?

Back

Immediately after the cash withdrawal.

Front

Lizzie believes that you only need to know about the different APR's for a card in case you make any mistakes because that's all they'll charge you. Is she right?

Back

No. Credit Card companies also charge fees (one-time or multiple) along with the APR they'll apply each month.

Front

Thomas never uses his credit card to purchase anything for a whole year. What fee will he still be charged?

Back

Annual fee

Front

What type of fee might you be charged if you have insufficient funds to cover a payment (Similar to Overdraft and NSF fees)?

Back

Returned payment fee

Front

Angel is traveling outside the U.S. What fee does she need to pay most attention to for all her purchases with her credit card?

Back

Foreign transaction fees