Mastercard or Visa Credit Card Pricing Info

On the record for Mastercard or Visa Credit Card Pricing Info 123122: a 33.65% purchase APR, a $25 annual fee and a 0% opening rate, filed by 1st Financial Bank USA. Against the 4,587 filings on this site, that rate lands around the 79th percentile.

What this filing discloses

1st Financial Bank USA submitted the terms for Mastercard or Visa Credit Card Pricing Info 123122 to the CFPB's agreement database; this is what they contain. The filing runs one page.

Terms captured from the document include 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.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

What matters more than the promotion is the rate waiting behind it: 33.65%. A $2,500 balance that survives the promotional window costs roughly $1,000 a year from that point on.

Pricing the purchase rate

33.65% puts the purchase APR near the 79th percentile across 2,280 agreements, so it comes in above the median.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

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.

The arithmetic of revolving

The purchase rate turns a $1,500 revolving balance into roughly $600 of annual interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $369. The gap — roughly $231 a year on $1,500 — is the price of this particular filing over a typical one.

Broken down to a single thirty-day cycle, the same balance accrues roughly $42.05.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Default pricing

$41 is the disclosed ceiling on a late payment fee, placing it near the 89th percentile of the set.

The fee structure

The annual fee is $25, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 78th percentile.

Expressed in the card's own terms, the $25 fee equals about a year's interest on a $74 balance at the disclosed 33.65% purchase rate.

For cash advances the filing discloses a cash advance fee of $3 or 3% of the advance, whichever is greater and a cash advance APR of 33.65%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

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 $3,000 across attracts something like $90 in fees on day one.

Paying in full

Purchases carry a 21-day grace period: pay the statement in full inside it and the purchase rate never applies. That is shorter than the 25-day corpus median.

How it sits in the issuer's own range

1st Financial Bank USA has 23 agreements indexed on this site. Across that lineup purchase rates span 29.9% to 35.15%; this filing's 33.65% sits above 3 of the comparable ones.

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

The limits of this document

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

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Go to the source

Everything here is a reading of the filed agreement, one page of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

33.65% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Note that the $25 annual fee falls due whether the card is used or not.