Credit Card Agreement

On the record for Credit Card Agreement 1119: a 22.9% purchase APR and no annual fee, filed by Cedar Hill National Bank. That purchase rate ranks near the 53rd percentile across this corpus of 4,587 filings.

On the face of the filing

Credit Card Agreement 1119 is one of the agreements Cedar Hill National Bank has on file with the CFPB. The filing runs three pages.

The filing is explicit about 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.

Where the purchase APR sits

The purchase APR of 22.9% places this agreement around the 53rd percentile of the set — it sits close to the middle of the corpus.

Translating the rate into money

The purchase rate turns a $5,000 revolving balance into roughly $1,286 of annual interest.

Against the corpus median of 21.99%, that is approximately $57 a year of extra interest on the same $5,000.

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

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

The fee structure

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.

The grace period

28 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That is longer than the corpus median of 25 days.

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

The downside terms

Late payments are capped at $20 under this filing, about the 17th percentile of late fee maximums in the corpus.

How it sits in the issuer's own range

This is one of 55 Cedar Hill National Bank agreements collected here. Every one of the others that discloses a purchase rate discloses the same 22.9%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

What the filing does not tell you

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.

Go to the source

The filed PDF is linked from this page and runs three 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. The absence of an annual fee means the rate is the only thing that can make this card expensive.