Why doesn't Discover make APR more prominent?

All about Discover & Diners Club – talk about their credit card deals such as the More, Miles, Escape, and others.
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Iroquois
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Why doesn't Discover make APR more prominent?

Postby Iroquois » Tue Dec 18, 2012 5:55 am

Overall I like the Discover website but it is not easy to see or get to the APR on an account. The standard or ongoing APR is critical info to a consumer. Why not highlight it? Others do on their webpage. All other important info is readily made available and easy to see.


sticf
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Postby sticf » Tue Dec 18, 2012 7:39 am

To see your APR just check your statement. The link is on the first page after login. Scroll down after the transactions and the summary of fees. It is right there. It displays right on the web page. Other cards I have force a download of a PDF to see my statement.

While that is not a great task I am not always in places with the fastest Internet connections.

Iroquois
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I can find it, I'm saying it should be prominently displayed

Postby Iroquois » Tue Dec 18, 2012 10:17 am

I can the find APR if I go looking for it You're right some other cards also force you to hunt for it or go through a few clicks to get to it too. Some others though have it right there on the opening page key information along with the balance and credit limit.

The rate must be prominently disclosed in large print when you get the card for a reason. That same reason should hold up after you have the card IMO.

I mean why not ?


trumpet-205
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Postby trumpet-205 » Tue Dec 18, 2012 10:55 am

Lenders now days print current APR on your statement. I don't know why you find a few clicks inconvenient.

Bank of America does not even list your APR online, only at your statement. So is US Bank, GE issued cards, etc.
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sticf
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Postby sticf » Tue Dec 18, 2012 12:35 pm

Iroquois wrote:The rate must be prominently disclosed in large print when you get the card for a reason. That same reason should hold up after you have the card IMO.

I mean why not ?


They only do it to comply with the law. Banks used to not display any of this information on the statement, and only in fine print on the T&C. I am sure most banks would go back to those days if the law would allow. They do not want you to see how much interest you are paying. Now they have to give you payment schedules that show if you pay more than the minimal how much money you would save.

Personally any improvement over the old system is a great improvement. In the past they did not even have to tell you why they denied you credit. Looking at my statements (most of mine are online anyway) is not that hard. Then again I cannot remember the last time I paid interest on a credit card.

Ratfacedudeguy
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Postby Ratfacedudeguy » Tue Dec 18, 2012 3:06 pm

One thing that Discover does do in terms of interest rate disclosures that I really like is that they show the expiration date for any promotional rates you're receiving right there in the same spot on your statement. I can't think of any other creditors that do this, so in that respect I'd say they're ahead of the game all things considered.
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Money card
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Postby Money card » Thu Dec 27, 2012 6:58 pm

Iroquois wrote:I can the find APR if I go looking for it You're right some other cards also force you to hunt for it or go through a few clicks to get to it too. Some others though have it right there on the opening page key information along with the balance and credit limit.

The rate must be prominently disclosed in large print when you get the card for a reason. That same reason should hold up after you have the card IMO.

I mean why not ?


why not call Discover and ask them what your apr is? wouldn't that be easier.



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