Robinhood Gold TIL & Cardholder Agreement effective

The Robinhood Gold TIL & Cardholder Agreement effective 12 22 25 filing from Coastal Community Bank sets out a 29.99% purchase APR and no annual fee. That purchase rate ranks near the 74th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

Robinhood Gold TIL & Cardholder Agreement effective 12 22 25 is one of the agreements Coastal Community Bank has on file with the CFPB. The filing runs 17 pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a balance transfer rate, a penalty rate and a foreign transaction fee.

The purchase APR against the corpus

Ranked against the corpus, this purchase APR — 29.99% — sits at approximately the 74th percentile and comes in above the median.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What a balance actually costs

A $2,500 balance left untouched for twelve months accrues about $874 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $2,500 would run about $615 a year, so this card costs in the region of $259 more annually for the identical balance.

Per statement cycle that is on the order of $62.36 on $2,500, which is the number that actually shows up on a bill.

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

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.

Cash advances carry a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 29.99%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Penalty pricing and late fees

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

Paying in full

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. The typical filing here allows 25 days, so this one is tighter than most.

Inside Coastal Community Bank's filed lineup

There are 10 filings from Coastal Community Bank in this index. Their disclosed purchase rates run from 0% to 36%, and this one at 29.99% is more expensive than 3 of them.

What the filing does not tell you

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

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.

Where the authority sits

Everything here is a reading of the filed agreement, 17 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 pricing here is middling by the standards of the index — 29.99% on purchases is near enough to typical.