FRC Cardholder Agreement and Addendum October

On the record for FRC Cardholder Agreement and Addendum October 2024: a purchase APR of 0%–36%, no annual fee and a 29.99% penalty rate, filed by Bank of Missouri, the. Against the 4,587 filings on this site, that rate lands around the 99th percentile.

What the agreement puts on the record

Bank of Missouri, the filed this agreement for FRC Cardholder Agreement and Addendum October 2024 with the Consumer Financial Protection Bureau. The filing runs 16 pages.

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

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

The purchase APR against the corpus

Purchases price between 0% and 36% under this filing. The 36-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 1st percentile of filed purchase rates; the ceiling sits at about the 99th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

The cost of carrying a balance

A $1,200 balance left untouched for twelve months accrues about $520 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $225 a year of extra interest on the same $1,200.

Broken down to a single thirty-day cycle, the same balance accrues roughly $36.02.

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

What the card costs before you borrow

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

The downside terms

A penalty APR of 29.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 61st percentile.

Against the rest of Bank of Missouri, the's filings

This is one of 120 Bank of Missouri, the agreements collected here. The issuer's own range is 24.9%–36%. At 36%, this agreement is dearer than 112 of its siblings.

On fees, 21 of the 79 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What you cannot learn from the filing

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and a grace period. The original document is the place to look for any of these.

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.

Reading the agreement yourself

Everything here is a reading of the filed agreement, 16 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The defining fact about this filing is the purchase rate: at 36% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance. The absence of an annual fee means the rate is the only thing that can make this card expensive. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.