Summary Boxes and allocation of payments

zx2011

A new website has been launched to explain Summary Boxes at http://www.summarybox.info/

Do you find them useful? Are they easy to find?

A key point they tell you is what order the allocation of your payments go towards. The best cards are paid off with the items that have highest rates of interest first.

mrtickle

None of the material is actually on the website! >:( You have to download PDFs and read them offline. The so-called "Accessibility Version" leads to links to the same PDFs!

zx2011

There's an interactive version on this page:
http://www.summarybox.info/summary.html (No need to download a PDF)

mrtickle

Thanks. It would definitely be a step forward if card issuers did something like this. Currently you have to read the T&Cs with a toothcomb to find some of the charges.

Milarky

As part of the same thing, are they now required to put on your statement a message giving the last date of any introductory period? [I've seen this four times on different card statements so far this year, and I doubt they each thought of the idea separately]