Kikoff secured card agreement

The Kikoff secured card agreement 5 2 25 filing from Coastal Community Bank sets out a 0% purchase APR and no annual fee. That purchase rate ranks near the 1st percentile across this corpus of 4,587 filings.

What the agreement puts on the record

Coastal Community Bank filed this agreement for Kikoff secured card agreement 5 2 25 with the Consumer Financial Protection Bureau. The filing runs 20 pages.

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

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 — 0% ranks near the 1st percentile across every filing indexed here.

How the purchase rate compares

Ranked against the corpus, this purchase APR — 0% — sits at approximately the 1st percentile and is among the very cheapest figures in the whole set.

The cost of carrying a balance

Carry $4,000 on this card for a year without paying it down and the purchase rate alone generates roughly $0 in interest.

Priced at the median of 21.99%, that balance would generate about $983 in a year — so this agreement comes in around $983 cheaper for the same debt.

Month to month it reads as about $0 per cycle on that balance.

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.

Paying in full

Anyone clearing the statement balance inside 21 days pays no purchase interest at all under this filing. With a corpus median of 25 days, this window is narrower than the norm.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

When a payment is late

This agreement records no penalty rate at all. Late payment carries a fee, but not the rate increase that many filings in this corpus permit.

The fee structure

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

For cash advances the filing discloses a cash advance APR of 0%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The foreign transaction fee is zero — a minority position in this corpus, where roughly 22% of disclosing filings waive it.

The issuer's other agreements

Coastal Community Bank has 10 agreements indexed on this site. The issuer's own range is 0%–36%. At 0%, this agreement is dearer than 0 of its siblings.

4 of the issuer's other 7 disclosing filings are likewise fee-free.

What the filing does not tell you

This page cannot tell you balance transfer terms, because the filing's disclosure table as read does not contain it.

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

This summary stands or falls on the linked PDF — 20 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

0% places this filing at the inexpensive end of the set, which is the headline here.