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the schumer box is a table that appears in credit card agreements. what specific information is required to be displayed in the schumer

Question

The Schumer box is a table that appears in credit card agreements. What specific information is required to be displayed in the Schumer box? Choose 1 answer: A rewards and points program B minimum credit score needed to qualify for the credit card C ) APR,annual fees, late fees , grace period,

Answer

4.4 (281 Votes)
Verificación de expertos
Monroe Elite · Tutor for 8 years

Answer

### (c) APR, annual fees, late fees, grace period, and other penalties or fees

Explanation

## Step1: Identify the purpose of the Schumer box### The Schumer box is intended to provide clear and concise details about the cost of using a credit card.## Step2: Determine the required information for disclosure### The Schumer box typically includes the APR (Annual Percentage Rate), annual fees, late fees, grace period, and other penalties or fees.## Step3: Choose the correct option### Among the given options, option (c) most accurately reflects the required disclosures.