Destiny Mastercard Cardholder Agreement

Destiny Mastercard Cardholder Agreement 246, as filed by Bank of Missouri, the, carries a 35.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 91st percentile.

On the face of the filing

Bank of Missouri, the filed this agreement for Destiny Mastercard Cardholder Agreement 246 with the Consumer Financial Protection Bureau. It is issued on the Mastercard network and the filing runs 13 pages.

On the record here: 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.

Where the purchase APR sits

Ranked against the corpus, this purchase APR — 35.9% — sits at approximately the 91st percentile and sits in the expensive end of the corpus.

The cost of carrying a balance

The purchase rate turns a $1,500 revolving balance into roughly $647 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $369 on that balance. This one charges about $279 more per year.

Per statement cycle that is on the order of $44.90 on $1,500, which is the number that actually shows up on a bill.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

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

When a payment is late

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

The fee structure

Cash advances carry a cash advance fee of $5 or 5% of the advance, whichever is greater. $100 is the crossover point where the percentage overtakes the $5 minimum.

The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.

Grace period and minimum charge

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

The issuer's other agreements

There are 120 filings from Bank of Missouri, the in this index. Their disclosed purchase rates run from 24.9% to 36%, and this one at 35.9% is more expensive than 19 of them.

What is outside the disclosure

The disclosure parsed here does not state balance transfer terms, an annual fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

Where the authority sits

The filed PDF is linked from this page and runs 13 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

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.