M 141218 750 TBOM StdwCCF

On the record for M 141218 750 Tbom Stdwccf: a 35.9% purchase APR and a $125 annual fee, filed by Bank of Missouri, the. Against the 4,587 filings on this site, that rate lands around the 91st percentile.

What this filing discloses

Bank of Missouri, the filed this agreement for M 141218 750 Tbom Stdwccf with the Consumer Financial Protection Bureau. The filing runs 13 pages.

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

Pricing the purchase rate

The purchase APR of 35.9% places this agreement around the 91st percentile of the set — it sits in the expensive end of the corpus.

Translating the rate into money

Put $2,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,079.

Against the corpus median of 21.99%, that is approximately $464 a year of extra interest on the same $2,500.

Broken down to a single thirty-day cycle, the same balance accrues roughly $74.83.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Where the fees are

$125 a year is the disclosed annual fee, which ranks near the 95th percentile of the fees filed across this corpus.

Cash advances carry a cash advance fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 35.9%.

Foreign transactions attract 3%. On $1,500 of overseas spending that is $45, 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.

The downside terms

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

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

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 is outside the disclosure

Absent from the captured terms: balance transfer terms and penalty pricing. The original document is the place to look for any of these.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Go to the source

The original filing, 13 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

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. Note that the $125 annual fee falls due whether the card is used or not.