Destiny Mastercard Cardholder Agreement

Destiny Mastercard Cardholder Agreement 232, as filed by Bank of Missouri, the, carries a 35.9% purchase APR. That purchase rate ranks near the 91st percentile across this corpus of 4,587 filings.

The disclosed terms

Bank of Missouri, the filed this agreement for Destiny Mastercard Cardholder Agreement 232 with the Consumer Financial Protection Bureau. It is issued on the Mastercard network and the filing runs 13 pages.

The filing is explicit about a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

How the purchase rate compares

Measured against every other filing on the site, 35.9% is about the 91st percentile for purchase APR; it sits in the expensive end of the corpus.

What the rate means in dollars

At the disclosed purchase APR, $1,200 revolving for a full year costs something like $518 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $295. The gap — roughly $223 a year on $1,200 — is the price of this particular filing over a typical one.

Per statement cycle that is on the order of $35.92 on $1,200, which is the number that actually shows up on a bill.

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 filing sets a 1% foreign transaction fee, which adds roughly $30 to $3,000 spent outside the United States.

When a payment is late

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

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

How it sits in the issuer's own range

Bank of Missouri, the has 120 agreements indexed on this site. Their disclosed purchase rates run from 24.9% to 36%, and this one at 35.9% is more expensive than 19 of them.

What the filing does not tell you

This page cannot tell you anything about cash advances, balance transfer terms, an annual fee 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.

Go to the source

Everything here is a reading of the filed agreement, 13 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 35.9% purchase rate that is inert for a transactor and punishing for a revolver.