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

Visa Platinum Secured With City National Rewards Credit Card Agreement 65871E, as filed by City National Bank, carries a purchase APR of 22.5%–26.5% and no annual fee. The purchase rate sits at roughly the 64th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

The document behind this page is City National Bank's filed agreement for Visa Platinum Secured With City National Rewards Credit Card Agreement 65871E. The filing runs 12 pages, and It is issued on the Visa network.

On the record here: a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. A balance transfer rate, a penalty rate and a foreign transaction fee are not stated.

Collateral and the deposit

Secured cards work against a deposit held by the issuer. The rate and fee figures summarised here say nothing about the size of that deposit or the terms attached to it, both of which are matters for the agreement text itself.

Securing the line has not placed this agreement at the bottom of the market — 26.5% ranks near the 64th percentile across every filing indexed here.

Pricing the purchase rate

The purchase APR is quoted as a range of 22.5% to 26.5%. That 4-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Read against the index, the low end ranks around the 66th percentile and the high end around the 64th — the band straddles a wide stretch of the market this corpus describes.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

What a balance actually costs

Carry $5,000 on this card for a year without paying it down and the purchase rate alone generates roughly $1,517 in interest.

A card priced at the corpus median of 21.99% would charge roughly $1,229 on that balance. This one charges about $287 more per year.

Per statement cycle that is on the order of $110.06 on $5,000, 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.

Charges beyond interest

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.

Cash advances carry a cash advance fee of 3% and a cash advance APR of 28.5%. That is 2 points above the purchase rate.

Transfers are charged $5 or 3% of the amount transferred, whichever is greater, though no distinct transfer APR appears in the document. Transferring $3,000 would cost roughly $90 at the door.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

The $0.70 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

When a payment is late

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

Against the rest of City National Bank's filings

There are 28 filings from City National Bank in this index. Across that lineup purchase rates span 19% to 27.25%; this filing's 26.5% sits above 23 of the comparable ones.

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.

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.

Where the authority sits

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

At 26.5% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.