Mastercard or Visa Credit Card Pricing Info

Mastercard or Visa Credit Card Pricing Info 063023, as filed by 1st Financial Bank USA, carries a 34.9% purchase APR, a $25 annual fee and a 0% opening rate. Against the 4,587 filings on this site, that rate lands around the 81st percentile.

The disclosed terms

What follows is drawn entirely from 1st Financial Bank USA's CFPB filing for Mastercard or Visa Credit Card Pricing Info 063023. The filing runs one page.

The disclosure covers a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. It is silent on a balance transfer rate, a penalty rate and a foreign transaction fee.

What the promotional rate is worth

A 0% promotional rate appears in the document without an accompanying term — the length of the window is not captured.

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

Behind the promotion sits a 34.9% purchase rate. On $1,000 that is in the region of $417 a year once the window closes.

The purchase rate in context

Measured against every other filing on the site, 34.9% is about the 81st percentile for purchase APR; it is well above what most issuers disclosed.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The arithmetic of revolving

Put $1,200 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $501.

A card priced at the corpus median of 21.99% would charge roughly $295 on that balance. This one charges about $206 more per year.

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

Holding the card costs $25 a year before any transaction takes place — about the 78th percentile among agreements in this index that state a fee.

One way to size that fee: at the card's own purchase rate of 34.9%, $25 is roughly the interest a balance of about $72 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

Taking cash against the card means a cash advance fee of $3 or 3% of the advance, whichever is greater and a cash advance APR of 34.9%.

A balance transfer costs $3 or 3% of the amount transferred, whichever is greater up front. The filing does not separately state the rate applied to transferred balances. Shifting $2,000 across attracts something like $60 in fees on day one.

The grace period

Anyone clearing the statement balance inside 21 days pays no purchase interest at all under this filing. The typical filing here allows 25 days, so this one is tighter than most.

Penalty pricing and late fees

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

How it sits in the issuer's own range

23 separate 1st Financial Bank USA filings appear in the corpus. Across that lineup purchase rates span 29.9% to 35.15%; this filing's 34.9% sits above 8 of the comparable ones.

Among the issuer's other filings that disclose a fee, 0 of 9 come in below this card's $25.

What you cannot learn from the filing

Absent from the captured terms: 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.

Reading the agreement yourself

The filed PDF is linked from this page and runs one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

34.9% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index. Note that the $25 annual fee falls due whether the card is used or not.