Credit Card Agreement for Consumer No Preset Spending Limit Cards in Capital One, N A

On the record for Credit Card Agreement for Consumer No Preset Spending Limit Cards in Capital One, N A: a 28.49% purchase APR, a $395 annual fee and a 19.49% introductory rate, filed by Capital One. That purchase rate ranks near the 68th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

This page covers the agreement Capital One filed for Credit Card Agreement for Consumer No Preset Spending Limit Cards in Capital One, N A. The filing runs seven pages.

On the record here: a purchase rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

The introductory rate

An introductory rate of 19.49% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 19.49% sits at about the 98th percentile.

What matters more than the promotion is the rate waiting behind it: 28.49%. A $2,500 balance that survives the promotional window costs roughly $824 a year from that point on.

Pricing the purchase rate

At 28.49%, the purchase APR falls at roughly the 68th percentile of the 2,280 filings indexed here, which sits in the more expensive half.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The arithmetic of revolving

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $494.

On a median-priced agreement from this index (21.99%) the same $1,500 would run about $369 a year, so this card costs in the region of $125 more annually for the identical balance.

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.

Grace period and minimum charge

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

What a missed payment costs

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

Where the fees are

Holding the card costs $395 a year before any transaction takes place — about the 99th percentile among agreements in this index that state a fee.

Expressed in the card's own terms, the $395 fee equals about a year's interest on a $1,386 balance at the disclosed 28.49% purchase rate.

Cash advances carry a cash advance fee of $5 or 5% of the advance, whichever is greater. Advances under roughly $100 are charged the flat $5; larger ones are charged 5%.

The issuer's other agreements

20 separate Capital One filings appear in the corpus. Their disclosed purchase rates run from 19.49% to 30.49%, and this one at 28.49% is more expensive than 4 of them.

What the filing does not tell you

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

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Where the authority sits

This summary stands or falls on the linked PDF — seven pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 28.49% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The $395 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.