Rewards Credit Card Cardholder Agreement

Rewards Credit Card Cardholder Agreement, as filed by 1st Century Bank, carries a purchase APR of 13.99%–19.99% and a 12-month 0% opening period. The purchase rate sits at roughly the 42nd percentile of the 4,587 agreements indexed here.

The disclosed terms

The document behind this page is 1st Century Bank's filed agreement for Rewards Credit Card Cardholder Agreement. The filing runs 12 pages.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate and a grace period. No figure appears for a penalty rate, an annual fee line and a late payment maximum.

What the promotional rate is worth

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

What matters more than the promotion is the rate waiting behind it: 19.99%. A $3,000 balance that survives the promotional window costs roughly $664 a year from that point on.

Valued honestly, 12 months at zero on $3,000 avoids about $664 of interest compared with the go-to rate — the whole of what the promotion delivers.

The purchase rate in context

The purchase APR is quoted as a range of 13.99% to 19.99%. That 6-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Read against the index, the low end ranks around the 27th percentile and the high end around the 42nd — the band straddles a wide stretch of the market this corpus describes.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

What the rate means in dollars

The purchase rate turns a $1,000 revolving balance into roughly $221 of annual interest.

A typical filing in this index would charge about $246 on that balance; this one is roughly $25 a year below it.

Per statement cycle that is on the order of $16.56 on $1,000, which is the number that actually shows up on a bill.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

The fee structure

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 24.99%. The premium over purchases is 5 percentage points. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Moving a balance onto this card carries an up-front charge of $10 or 3% of the amount transferred, whichever is greater, with the transferred balance priced at 13.99%. Transferring $3,000 would cost roughly $90 at the door.

The grace period

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

What you cannot learn from the filing

Absent from the captured terms: an annual fee, a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

The document itself

This summary stands or falls on the linked PDF — 12 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 19.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.