Credit Card Statements - Periodic Rate

Posted By: City Girl

Credit Card Statements - Periodic Rate - 08/12/21 04:36 PM

Is a periodic rate for Purchases and Cash required to be disclosed on a credit card statement?
Posted By: Dan Persfull

Re: Credit Card Statements - Periodic Rate - 08/13/21 02:07 PM

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.