Truth in Lending also requires card issuers to provide the information earlier than they had in the past. This lets you find out what credit will cost you before you are charged any fees. If a card issuer calls and takes your card application over the telephone and there is a fee for the card issuance or availability, including any fee based on account activity or inactivity, the card issuer must verbally give you the required information at that time. If there is no fee for the card or if the fee isn't required until you actually use the card, the card issuer can mail you the fee information instead of telling you over the phone. You must receive the information within 30 days, but no later than the delivery of the card.
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Truth in Lending also requires card issuers to provide the information earlier than they had in the past. This lets you find out what credit will cost you before you are charged any fees.
If a card issuer calls and takes your card application over the telephone and there is a fee for the card issuance or availability, including any fee based on account activity or inactivity, the card issuer must verbally give you the required information at that time.
If there is no fee for the card or if the fee isn't required until you actually use the card, the card issuer can mail you the fee information instead of telling you over the phone. You must receive the information within 30 days, but no later than the delivery of the card.