MBR Disclosure Mar22

MBR Disclosure Mar22, as filed by Cinfed Federal Credit Union, carries a $25 annual fee and a 18% penalty rate.

What this filing discloses

What follows is drawn entirely from Cinfed Federal Credit Union's CFPB filing for MBR Disclosure Mar22. The filing runs five pages, and It is issued on the Mastercard network.

On the record here: a penalty rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a purchase rate, a cash advance rate and a balance transfer rate.

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

What a missed payment costs

A penalty APR of 18% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 19th percentile.

$33 is the disclosed ceiling on a late payment fee, placing it near the 50th percentile of the set.

What the card costs before you borrow

$25 a year is the disclosed annual fee, which ranks near the 78th percentile of the fees filed across this corpus.

The filing sets a 1% foreign transaction fee, which adds roughly $30 to $3,000 spent outside the United States.

Grace period and minimum charge

A minimum interest charge of $0.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

What the filing does not tell you

The disclosure parsed here does not state a purchase rate, anything about cash advances, balance transfer terms and a grace period. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

Reading the agreement yourself

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

In short

The $25 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves. Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.