What must be included in Disclosure statements provided to cardholders?

In disclosure statements provided to cardholders, it is essential to include specifics on fees and finance charges. This requirement is rooted in consumer protection regulations, aimed at ensuring that cardholders are fully informed about the costs associated with their credit card usage. This transparency allows consumers to make informed decisions about their credit options and understand the potential financial implications of using their cards, such as interest rates, annual fees, late payment fees, and any other relevant charges.

The focus on providing clear and detailed information regarding fees and finance charges is crucial, as it helps cardholders manage their finances and avoid unexpected costs. Regulatory bodies emphasize the importance of this information to foster responsible borrowing and protect consumers from misleading practices.

The other options do not pertain to necessary components of disclosure statements. Merchant advertising campaigns, competitor rates, and historical data on cardholder behavior are not required for the transparency necessary to inform cardholders effectively about the relevant costs and financial terms associated with their credit accounts.