Visa Platinum Secured With City National Rewards Credit Card Agreement 65871E

City National Bank's filed agreement for Visa Platinum Secured With City National Rewards Credit Card Agreement 65871E discloses a purchase APR of 19.25%–23.25% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 55th percentile.

What the document actually states

What follows is drawn entirely from City National Bank's CFPB filing for Visa Platinum Secured With City National Rewards Credit Card Agreement 65871E. It is issued on the Visa network and the filing runs 12 pages.

The filing is explicit about a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. It is silent on a balance transfer rate, a penalty rate and a foreign transaction fee.

What "secured" changes

This is a secured agreement — the credit line is collateralised by a deposit. The disclosure table captured on this page covers pricing only; the mechanics of the deposit live in the body of the document.

For context, the 23.25% purchase rate lands around the 55th percentile of all the agreements on this site, which is the useful comparison regardless of the deposit.

Where the purchase APR sits

This is a tiered agreement: the filing discloses a purchase APR anywhere from 19.25% to 23.25%, a spread of 4 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Read against the index, the low end ranks around the 59th percentile and the high end around the 55th — the band straddles a wide stretch of the market this corpus describes.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The arithmetic of revolving

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $262 in interest.

On a median-priced agreement from this index (21.99%) the same $1,000 would run about $246 a year, so this card costs in the region of $16 more annually for the identical balance.

Note the $0.70 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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.

What a missed payment costs

On the fee side, a late payment can cost up to $15, which is around the 11th 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.

For cash advances the filing discloses a cash advance fee of 3% and a cash advance APR of 25.25%. Cash is therefore 2 points dearer than buying something with the card.

Transfers are charged $5 or 3% of the amount transferred, whichever is greater, though no distinct transfer APR appears in the document. On $3,000 that fee is about $90 before any interest is charged.

Paying in full

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

A minimum interest charge of $0.70 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

The issuer's other agreements

There are 28 filings from City National Bank in this index. Their disclosed purchase rates run from 19% to 27.25%, and this one at 23.25% is more expensive than 11 of them.

On fees, 22 of the 26 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What is outside the disclosure

Absent from the captured terms: a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Go to the source

The original filing, 12 pages 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

The pricing here is middling by the standards of the index — 23.25% on purchases is near enough to typical. The absence of an annual fee means the rate is the only thing that can make this card expensive.