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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: 159
Midwest
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
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
https://www.bankersonline.com/regulations/12-1026-007#b4

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.
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The opinions expressed are mine and they are not to be taken as legal advice.

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