Fourth, creditors would disclose the total fees and total interest imposed for the cycle, and the totals for the year to-date. The effective APR. The effective APR disclosed on periodic statements reflects the cost of interest and certain other finance charges imposed during the statement period.
For example, for a cash advance, the effective APR reflects both interest assessed on the balance in the statement period and any fee assessed for the advance. The effective APR can be quite high, often much higher than the nominal APR, in part because it amortizes the cost of credit, including fees, over one month.