CFPB Secured VISA Gold Agreement CASVGAF

On the record for CFPB Secured VISA Gold Agreement CASVGAF: a 9.99% purchase APR and a $200 annual fee, filed by Applied Bank. The purchase rate sits at roughly the 5th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

The document behind this page is Applied Bank's filed agreement for CFPB Secured VISA Gold Agreement CASVGAF. The filing runs 18 pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum and a foreign transaction fee. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Collateral and the deposit

Secured cards work against a deposit held by the issuer. The rate and fee figures summarised here say nothing about the size of that deposit or the terms attached to it, both of which are matters for the agreement text itself.

Securing the line has not placed this agreement at the bottom of the market — 9.99% ranks near the 5th percentile across every filing indexed here.

The purchase rate in context

Set beside the rest of the index, the purchase APR of 9.99% lands at the 5th percentile; it sits well down in the cheaper fifth of the set.

The document describes this rate as fixed. That is the minority case in this collection; most filings here quote variable rates tied to an index.

Translating the rate into money

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $126 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,200 would cost about $295 a year. This filing saves roughly $169 annually against that benchmark.

Month to month it reads as about $9.89 per cycle on that balance.

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.

Charges beyond interest

The annual fee is $200, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 97th percentile.

For scale, $200 is approximately what $2,002 of revolving balance would cost in interest over twelve months at this card's 9.99% rate.

Cash advances carry a cash advance fee of $5 or 5% of the advance, whichever is greater. The two halves of that fee cross at about $100: below it the flat $5 applies, above it the percentage does.

Foreign transactions attract 3%. On $2,000 of overseas spending that is $60, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

What a missed payment costs

$38 is the disclosed ceiling on a late payment fee, placing it near the 60th percentile of the set.

Paying in full

A minimum interest charge of $0.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

What you cannot learn from the filing

This page cannot tell you balance transfer terms, a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

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

The original filing, 18 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

At 9.99% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. Note that the $200 annual fee falls due whether the card is used or not.