M 901000 Consumer Platinum Tier

The M 901000 Consumer Platinum Tier 1 filing from Card Assets sets out no annual fee, a 0% opening rate and a 26.24% penalty rate.

On the face of the filing

This page covers the agreement Card Assets filed for M 901000 Consumer Platinum Tier 1. It is issued on the Visa network and the filing runs two pages.

On the record here: a penalty rate, an annual fee line, a late payment maximum and a grace period. A purchase rate, a cash advance rate and a balance transfer rate are not stated.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

Note that the purchase APR row in this table carries no explicit label in the filing, which introduces some ambiguity about what it covers.

The interest-free window

A 0% promotional rate appears in the document without an accompanying term — the length of the window is not captured.

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

The filing captures the promotional rate but not the rate that replaces it. That is the more important of the two numbers, and it is not on this page — the agreement itself has to be read for it.

Fees, and what triggers them

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.

Cash advances carry a cash advance fee of $10 or 5% of the advance, whichever is greater.

Default pricing

The agreement discloses penalty pricing of 26.24% — about the 49th percentile of the 794 penalty rates recorded across this index.

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

Grace period and minimum charge

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.

Against the rest of Card Assets's filings

Card Assets has 32 agreements indexed on this site. Their disclosed purchase rates run from 12.24% to 19.99%, though this particular filing does not state one in comparable form.

12 of the issuer's other 20 disclosing filings are likewise fee-free.

What is outside the disclosure

Absent from the captured terms: a purchase rate, balance transfer terms and a foreign transaction fee. 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.

Go to the source

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

In short

Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.