Credit Card Agreements (Platinum Mastercard, Cash Back World Mastercard, Wealth Management World Elite, and Secured Mastercard)

The Credit Card Agreements (Platinum Mastercard, Cash Back World Mastercard, Wealth Management World Elite, and Secured Mastercard) filing from Bank of the West sets out a purchase APR of 14.99%–22.99%, no annual fee and a 15-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 54th percentile.

What the agreement puts on the record

What follows is drawn entirely from Bank of the West's CFPB filing for Credit Card Agreements (Platinum Mastercard, Cash Back World Mastercard, Wealth Management World Elite, and Secured Mastercard). The filing runs 33 pages, and It is issued on the Mastercard network.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

The interest-free window

A 15-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

Behind the promotion sits a 22.99% purchase rate. On $2,500 that is in the region of $646 a year once the window closes.

Put the other way round, the 15-month zero rate is worth roughly $807 on a $2,500 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

Pricing the purchase rate

The purchase APR is quoted as a range of 14.99% to 22.99%. That 8-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 33rd percentile of filed purchase rates; the ceiling sits at about the 54th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The cost of carrying a balance

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $775 in interest.

On a median-priced agreement from this index (21.99%) the same $3,000 would run about $738 a year, so this card costs in the region of $38 more annually for the identical balance.

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

Paying in full

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.

The $1 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

When a payment is late

$38 is the disclosed ceiling on a late payment fee, placing it near the 60th percentile of the set.

What the card costs before you borrow

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

For cash advances the filing discloses a cash advance APR of 24.99%. The premium over purchases is 2 percentage points. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Balance transfers cost $10 or 4% of the amount transferred, whichever is greater up front and then accrue at 14.99%. On $3,000 that fee is about $120 before any interest is charged.

The filing sets a 3% foreign transaction fee, which adds roughly $60 to $2,000 spent outside the United States.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The issuer's other agreements

There are 14 filings from Bank of the West in this index. The issuer's own range is 14.24%–27.74%. At 22.99%, this agreement is dearer than 3 of its siblings.

What the filing does not tell you

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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

Everything here is a reading of the filed agreement, 33 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 22.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.