It's Fashion Credit Card Agm

The It's Fashion Credit Card Agm 0424 filing from Cedar Hill National Bank sets out a 22.9% purchase APR and no annual fee. That purchase rate ranks near the 53rd percentile across this corpus of 4,587 filings.

The disclosed terms

What follows is drawn entirely from Cedar Hill National Bank's CFPB filing for It's Fashion Credit Card Agm 0424. The filing runs four 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.

How the purchase rate compares

At 22.9%, the purchase APR falls at roughly the 53rd percentile of the 2,280 filings indexed here, which is about typical for the filings collected here.

What a balance actually costs

Carry $3,000 on this card for a year without paying it down and the purchase rate alone generates roughly $772 in interest.

On a median-priced agreement from this index (21.99%) the same $3,000 would run about $738 a year, so this card costs in the region of $34 more annually for the identical balance.

Per statement cycle that is on the order of $56.98 on $3,000, which is the number that actually shows up on a bill.

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

What a missed payment costs

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

Where the fees are

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

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.

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

The issuer's other agreements

There are 55 filings from Cedar Hill National Bank in this index. Pricing across this issuer's filings is uniform at 22.9% — the rate table does not distinguish one of its cards from another.

What you cannot learn from the filing

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.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Where the authority sits

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

22.9% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.