Schumer Box

What is the purpose of the Schumer Box?

• To legally document credit card fees

• To compare different credit card offers

• To record the credit card user's spending

• To increase credit card sales

What does APR stand for?

• Annual Percentage Rate

• Automated Payment Requirement

• Adjusted Payment Rate

• Annual Payment Ratio

How long is the introductory APR offer of 0% valid?

• 12 months

• 15 months

• 18 months

• 24 months

What happens to the APR after a late payment?

• It is halved

• It more than doubles

• It remains the same

• It decreases

What is the minimum interest charge mentioned?

• $2.50

• $2.00

• $1.50

• $1.00