BSE Addendum 74 0225 vf

On the record for BSE Addendum 74 0225 vf: a 34.24% purchase APR and no annual fee, filed by Citibank. Against the 4,587 filings on this site, that rate lands around the 80th percentile.

On the face of the filing

Citibank filed this agreement for BSE Addendum 74 0225 vf with the Consumer Financial Protection Bureau. The filing runs one page.

Terms captured from the document include 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.

Pricing the purchase rate

34.24% puts the purchase APR near the 80th percentile across 2,280 agreements, so it is dearer than the typical filing.

The cost of carrying a balance

The purchase rate turns a $2,000 revolving balance into roughly $816 of annual interest.

Against the corpus median of 21.99%, that is approximately $324 a year of extra interest on the same $2,000.

Month to month it reads as about $57.06 per cycle on that balance.

There is also a floor: the filing sets a minimum interest charge of $2, so any cycle that accrues less than that is billed at $2 anyway.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Fees, and what triggers them

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.

Penalty pricing and late fees

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The $2 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

How it sits in the issuer's own range

Citibank has 82 agreements indexed on this site. The issuer's own range is 25.99%–34.24%. At 34.24%, this agreement is dearer than 39 of its siblings.

The limits of this document

This page cannot tell you anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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

The original filing, 1 page long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

At 34.24% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.