Credit

Choosing a Credit Card

What information do I have a right to?

Under the TILA, every solicitation for a credit card must contain a brief disclosure statement. Disclosures more extensive in nature are due before the first time you use the credit card you have applied for, and specific disclosures about finance and other charges and transactions are required with your periodic statement (usually monthly).

>>What information do I have a right to?
>>How should I judge the APR shown in the solicitation?
>>Can I avoid paying a finance charge?
>>Does the APR on a credit card always stay the same?
>>Is there a charge each year for the right to use a credit card?
>>What other fees and charges should I look for on the disclosure statement?
>>In shopping for a credit card, I found that one credit card issuer charges a higher rate than that allowed by my state law. How can that be?

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