Schumer Box

Quick answer: The federally-mandated rate-and-fee disclosure on every U.S. credit card application.

Named for Senator Charles Schumer, the Schumer Box is a standardized table issuers must display showing APRs, fees, penalties, and grace period. It is the source of truth for any rate-or-fee quote — ClearValue Cards sources every card fact from the issuer's published Schumer Box and stamps the date reviewed on each review.