The ‘Straight Talk’ series consists of articles that explain in clear terms how credit card companies determine annual percentage rates (APRs) and credit card limits, why fees are charged, and what changes consumers can expect to see as a result of CARD Act.
The online video explains changes to fees, payment allocation and APRs resulting from the legislation and offers tips to help consumers manage their finances.
Additionally, Discover offers various tools and resources such as spend analyzer, paydown planner, purchase planner, email alerts and reminders. Online resources to educate and inform the cardmembers with financial education, student center, debitFacts.org services along with debt management and credit counseling agencies.
Carlos Minetti, executive vice president of cardmember services and consumer banking at Discover, said: “Over the years, we’ve listened to our cardmembers and know that they want ‘straight talk’ from their credit card company and our goal is to provide that to them. These online resources will help them better understand credit, while empowering them to achieve brighter financial futures.”
