Consumer Platinum Tier 4 Terms and Fees

The Consumer Platinum Tier 4 Terms and Fees 2021 filing from Card Assets sets out a 19.99% purchase APR, no annual fee, a 4.99% introductory rate and a 25.99% penalty rate. Against the 4,587 filings on this site, that rate lands around the 42nd percentile.

The disclosed terms

This page covers the agreement Card Assets filed for Consumer Platinum Tier 4 Terms and Fees 2021. It is issued on the Visa network and the filing runs two pages.

On the record here: a purchase rate, a penalty 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 foreign transaction fee.

The purchase rate was taken from a row the filing did not clearly label, so there is some risk it describes a different balance type.

The introductory rate

An introductory rate of 4.99% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 4.99% sits at about the 87th percentile.

Behind the promotion sits a 19.99% purchase rate. On $3,000 that is in the region of $664 a year once the window closes.

The purchase APR against the corpus

At 19.99%, the purchase APR falls at roughly the 42nd percentile of the 2,280 filings indexed here, which lands near the median.

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.

What a balance actually costs

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $265 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,200 would cost about $295 a year. This filing saves roughly $30 annually against that benchmark.

Per statement cycle that is on the order of $19.87 on $1,200, which is the number that actually shows up on a bill.

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.

Charges beyond interest

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.

Taking cash against the card means a cash advance fee of $10 or 5% of the advance, whichever is greater.

The no-interest path

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 downside terms

If the account defaults, the filing permits a rate of 25.99%. Among disclosing agreements here that ranks near the 48th percentile.

That is 6 points above the standard purchase rate. On a $2,000 balance, the shift from 19.99% to 25.99% adds something like $151 of interest over a year — the real cost of the default, quite apart from the fee itself.

$35 is the disclosed ceiling on a late payment fee, placing it near the 54th percentile of the set.

Inside Card Assets's filed lineup

There are 32 filings from Card Assets in this index. Across that lineup purchase rates span 12.24% to 16.74%; this filing's 19.99% sits above 5 of the comparable ones.

The limits of this document

This page cannot tell you balance transfer terms and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

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.

The document itself

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

In short

19.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.