I just received my most recently available credit card statement from my bank, USAA Federal Savings Bank, and was pleased to see the following additional consumer information (my personal amount removed) on this month's statement:Late Payment Warning: If we do not receive your minimum payment by the date listed above, you may have to pay a $35.00 late fee.
Minimum Payment Warning: If you make only the minimum payment each period, you will pay more in interest and it will take you longer to pay off your balance. For example:
If you make no additional charges using this card and each month you pay ... Only the minimum payment $###.00 - You will pay off the balance shown on this statement in about ... ## years. And you will end up paying an estimated total of $##,###.00
If you make no additional charges using this card and each month you pay ... $###.00 - You will pay off the balance shown on this statement in about ... # years. And you will end up paying an estimated total of $##,###.00 (Savings = $##,###.00).
If you would like information about credit counseling services, call 1-800-531-1291.
I trust this is the direction other credit card issuers will follow in further informing holders of their credit cards.
Source: USAA Federal Savings Bank
3 comments:
great post, it really helped me alot…gives me alot of information… thanks…. nice job…
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Self Credit Repair | Bad Credit Repair Report
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