Credit Card Agreement

On the record for Credit Card Agreement 0424: a 22.9% purchase APR and no annual fee, filed by Cedar Hill National Bank. Against the 4,587 filings on this site, that rate lands around the 53rd percentile.

On the face of the filing

Credit Card Agreement 0424 is one of the agreements Cedar Hill National Bank has on file with the CFPB. The filing runs four pages.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

The purchase APR against the corpus

Measured against every other filing on the site, 22.9% is about the 53rd percentile for purchase APR; it is about typical for the filings collected here.

The arithmetic of revolving

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $772 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $738. The gap — roughly $34 a year on $3,000 — is the price of this particular filing over a typical one.

Small balances do not get a proportionally small bill — the agreement imposes a $1 minimum interest charge in any month where interest applies.

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.

The no-interest path

Purchases carry a 28-day grace period: pay the statement in full inside it and the purchase rate never applies. That is longer than the corpus median of 25 days.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

When a payment is late

On the fee side, a late payment can cost up to $20, which is around the 17th percentile here.

Charges beyond interest

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.

Against the rest of Cedar Hill National Bank's filings

Cedar Hill National Bank has 55 agreements indexed on this site. Pricing across this issuer's filings is uniform at 22.9% — the rate table does not distinguish one of its cards from another.

The limits of this document

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

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

The document itself

The filed PDF is linked from this page and runs four pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 22.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.