What is a common feature of the Schumer box?

The Schumer box is a standardized table that lenders are required to include in credit card agreements and advertisements. Its primary purpose is to provide consumers with transparent information regarding the terms and conditions of credit card offers. One of its key features is that it outlines the various fees and penalties associated with the credit card, such as annual fees, foreign transaction fees, late payment penalties, and over-the-limit fees. This enables consumers to compare different credit card options easily and make informed decisions based on the true cost of credit.

The other options do not accurately describe features of the Schumer box. For instance, it does not contain information about the minimum credit score required; rather, that information would be found in a separate part of the application process. It also does not provide a breakdown of member account history or a list of transactions made on the account, as those details are typically found in account statements or online banking portals. By focusing on the fees and penalties, the Schumer box helps promote transparency and accountability among credit card issuers.