Jeffrey McManus raises some interesting points about the type of data credit card companies share with their customers along with that they hold back. They’re good at telling you your balance, due date, and minimum payment, but McManus would like to see:
* When will I pay off this ding-a-dang debt?
* What is this ding-a-dang debt costing me?
I get my credit card statements online, where the information – while more up to date – is generally thinner than what you’ll find in a printed statement. For example, I can’t find out the APR for my cards online. What’s up with that? If you’re going to charge me interest, shouldn’t you have the decency to publish the rate you’re charging me? Fortunately, I don’t carry a balance, but still feel like I’m being mislead by my credit card providers.