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#2258146 - 08/12/21 04:36 PM Credit Card Statements - Periodic Rate
City Girl Offline
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Joined: Sep 2005
Posts: 147
Is a periodic rate for Purchases and Cash required to be disclosed on a credit card statement?

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Lending Compliance
#2258194 - 08/13/21 02:07 PM Re: Credit Card Statements - Periodic Rate City Girl
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,645
Bloomington, IN

i. If the consumer's account has both a purchase feature and a cash advance feature, the creditor must disclose the annual percentage rate for each, even if the consumer only makes purchases on the account during the billing cycle.
The opinions expressed are mine and they are not to be taken as legal advice.

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