Appendix E to Part 1026 — Rules for Card Issuers That Bill on a Transaction-by-Transaction Basis
this part) to each consumer receiving a transaction invoice during a one-month period chosen by the card
- 1026 (Regulation Z)
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this part) to each consumer receiving a transaction invoice during a one-month period chosen by the card
on the asset feature of prepaid accounts in the same prepaid program where the hybrid prepaid-credit card
Same facts as above except that the card issuer places only one condition on the provision of a grace
Thus, § 1026.54 does not prohibit the card issuer from charging accrued interest to an account upon
A prepaid account number that can access such a digital wallet is not a hybrid prepaid-credit card with
A prepaid account number that can access such a digital wallet is not a hybrid prepaid-credit card with
When calculating the total cost estimate for repayment in 36 months, a card issuer must total the dollar
A credit card account where the plan as a whole replenishes meets the self-replenishing criterion, notwithstanding
Assume that the annual percentage rate for purchases on a credit card account is 15%.
In describing how the applicable rate will be determined, the card issuer must identify in the table
plans not subject to the requirements of § 1026.40, if checks that can be used to access a credit card
Minimum monthly charges, charges for non-use of a credit card, and other charges based on either account
example, if the primary benefit of membership in an organization is the opportunity to apply for a credit card
fee or penalty rate is triggered after multiple events, such as two late payments in six months, the card
For other types of credit card accounts, creditors may, at their option, apply payments consistent with
consumer or a consent to a credit line increase from a cosigner, guarantor, or joint accountholder to a card
A card issuer may change the index and margin used to determine the annual percentage rate under §
The definition of open account includes a credit card account under an open-end (not home-secured) consumer
For example, assume that, consistent with § 1026.52(b)(1)(ii), a card issuer's late payment fee
transaction charge is imposed on the prepaid account for each paid transaction that is made with the prepaid card
account agreement, such as a late payment or an extension of credit that exceeds the credit limit, the card
Assume a credit card account was subject to a rate of 15% on all transactions as of January 1, 2009.
charged for the property or service when payment is made by use of an open-end credit account or a credit card
where the primary benefit of membership in the organization is the opportunity to apply for a credit card
With regard to a non-covered separate credit feature accessible by a prepaid card as defined in §