Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

What is a Schumer Box and how do I read it?

A quick glance at a credit card’s need-to-know rates and fees.


A Schumer Box is a small table that contains some of the most important rates and fees associated with a given credit card. Though it’s meant to offer you a quick look at important card terms, not all relevant credit card information is necessarily included.

Important things to look for on a Schumer Box

A standard Schumer Box typically includes information on two main areas of your credit card: the interest and interest charges, and various card fees.

Interest rate information

The interest rate portion of the Schumer Box will at least contain the following information:

  • APR for purchases, balance transfers and cash advances.
    These can be listed out as a range if the APR depends on your credit score.
  • Penalty APR.
    Expect to see an explanation of the penalty terms if your card features a penalty APR for late payments or other financial mishaps.
  • Interest grace periods.
    This lets you know how long you have to make a payment before your balance starts incurring interest.
  • Interest charge terms.
    Any unique terms related to interest charges, such as the minimum charge, are included here.

Card fees

The card fee section of the Schumer Box lists the most common fees you’ll want to know, including:

  • The annual fee.
    This includes the revert annual fee if the card has an intro APR
  • Penalty fees.
    Including fees for late payments and returned payments.
  • Transaction fees.
    You’ll find fees for balance transfers or cash advances here.

Schumer Box red flags

The Schumer Box gives you a great opportunity to quickly sniff out whether a particular credit card is something you should stay away from. Here are some things to look for:

  • High APR. While you should be paying off your balance in full each month, a particularly high purchase APR can serve as a warning flag that the card might not be the best choice available.
  • Excessive fees. Most credit cards feature a few fees, such as late payment fees. If you notice some unusual fees listed in the Schumer Box, such as monthly maintenance fees, you’ll want to take a closer look at the rest of the card’s rates and fees as well.
  • Small or non-existent grace period. It’s easy to assume that most credit cards offer a grace period, but you might find some with a particularly short period – or none at all.

An example of a Schumer box

An example of a Schumer box

Why is it called a Schumer Box?

The Schumer Box was named after congressman Chuck Schumer. Schumer was instrumental in introducing the 1988 legislation that required credit card issuers to clearly and plainly list card fees within the promotional material of every credit card.

Compare credit cards

Even though a Schumer Box offers a high-level view of a credit card’s terms, they’re typically not enough to help you make a final decision on a credit card. You’ll want to compare credit card options by credit card type and other features before taking a look at the finer details.

Name Product Filter values Rewards Purchase APR Annual fee
Citi® Double Cash Card
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
13.99% to 23.99% variable
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months months to pay off transfers.
CardMatch™ from
See terms
See issuer's website
See terms
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
Citi® Diamond Preferred® Card
0% intro for the first 12 months (then 13.74% to 23.74% variable)
A market-leading balance transfer intro APR of 21 months and 12 months on purchases. Plus Citi Entertainment℠ for deals on dining and going out.
Citi Rewards+℠ Card
Earn 2x points at supermarkets and gas stations on up to $6,000 annually, then 1x points after that and on all other purchases
0% intro for the first 15 months (then 13.49% to 23.49% variable)
Get rewards on gas and groceries with no annual fee. Ideal for everyday use, it's the only card that rounds purchases up to the nearest 10 points.
TD Cash Credit Card
3% on dining, 2% at grocery stores and 1% on all other eligible purchases
0% intro for the first 15 billing cycles (then 12.99%, 17.99% or 22.99% variable)
3% on dining and 2% on groceries make this a valuable card for food purchases. Use it while traveling, too, with no foreign transaction fees. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT

Compare up to 4 providers

Bottom line

The Schumer Box is a great place to start assessing a card once you’ve narrowed down card competition to a few choices. If the data in a Schumer Box seems concerning or promising, take a closer look at the full terms and conditions.
Start comparing credit cards now to find one that best suits your financial needs.

Frequently asked questions

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site