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- Chuck Schumer, a congressman and later senator from New York, pushed for legislation requiring that rates, fees and other terms on a credit card be prominently displayed to people when they apply for the card. The legislation passed in 1988, and the standardized disclosure came to be dubbed the Schumer box.www.nerdwallet.com/article/credit-cards/how-to-read-schumer-box
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WEBJul 7, 2023 · A Schumer box is a legally required cheat sheet for credit cards that breaks down two main aspects of any card: interest rates and …
- Estimated Reading Time: 8 mins
WEBApr 17, 2023 · A Schumer box is a table that gives consumers a uniform summary of a credit card’s important terms, like interest rates and fees. All credit card issuers are required by law to include a Schumer box in their …
WEBJun 2, 2023 · Advertiser disclosure. Guide. What is a Schumer box for credit card applications, and why does it matter? Michelle Lambright Black. June 02, 2023. •. 6 min read. Jump to section. The cards we feature …
WEBApr 30, 2021 · A Schumer Box is a required summary of a credit card's rates and fees that is visible in credit card agreements. It shows what the card will cost consumers, including the various annual...
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WEBSep 1, 2023 · A Schumer box is a standardized table that summarizes many of the costs involved with a credit card, including interest rates, fees and other terms. You can find the Schumer box alongside credit card …
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