CHA 202404F01 3 First Access CHA with Pricing

Bank of Missouri, the's filed agreement for CHA 202404F01 3 First Access CHA with Pricing discloses a 35.99% purchase APR and a $300 annual fee. The purchase rate sits at roughly the 97th percentile of the 4,587 agreements indexed here.

The disclosed terms

What follows is drawn entirely from Bank of Missouri, the's CFPB filing for CHA 202404F01 3 First Access CHA with Pricing. The filing runs 15 pages.

The filing is explicit about a purchase rate, a cash advance rate, an annual fee line and a late payment maximum. No figure appears for a balance transfer rate, a penalty rate and a foreign transaction fee.

The purchase rate in context

The purchase APR of 35.99% places this agreement around the 97th percentile of the set — it sits in the top few percent of the entire set.

The arithmetic of revolving

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $1,299 in interest.

Against the corpus median of 21.99%, that is approximately $561 a year of extra interest on the same $3,000.

Small balances do not get a proportionally small bill — the agreement imposes a $1 minimum interest charge in any month where interest applies.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

The fee structure

Holding the card costs $300 a year before any transaction takes place — about the 98th percentile among agreements in this index that state a fee.

For scale, $300 is approximately what $834 of revolving balance would cost in interest over twelve months at this card's 35.99% rate.

Taking cash against the card means a cash advance APR of 35.99%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Penalty pricing and late fees

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

The grace period

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

The issuer's other agreements

This is one of 120 Bank of Missouri, the agreements collected here. The issuer's own range is 24.9%–36%. At 35.99%, this agreement is dearer than 99 of its siblings.

Its $300 annual fee is higher than 76 of the 79 sibling filings that state one.

What you cannot learn from the filing

Absent from the captured terms: balance transfer terms, a foreign transaction fee, a grace period 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.

Reading the agreement yourself

Everything here is a reading of the filed agreement, 15 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

This is an expensive agreement by the standards of the corpus, driven by a 35.99% purchase rate that is inert for a transactor and punishing for a revolver. The $300 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.