secured card member agreement effective

secured card member agreement effective 11 01 25, as filed by Coastal Community Bank, carries a 35.99% purchase APR and a $25 annual fee. Against the 4,587 filings on this site, that rate lands around the 97th percentile.

What the agreement puts on the record

What follows is drawn entirely from Coastal Community Bank's CFPB filing for secured card member agreement effective 11 01 25. The filing runs 18 pages, and It is issued on the Mastercard network.

The filing is explicit about 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.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

What "secured" changes

The product name identifies this as a secured card, which means the account is backed by a deposit the cardholder provides. The filing indexed here discloses rates and fees; it is the agreement text that governs how the deposit is held, when it is applied and under what conditions it is returned.

Securing the line has not placed this agreement at the bottom of the market — 35.99% ranks near the 97th percentile across every filing indexed here.

How the purchase rate compares

35.99% puts the purchase APR near the 97th percentile across 2,280 agreements, so it is about as high as anything filed here.

What a balance actually costs

The purchase rate turns a $3,000 revolving balance into roughly $1,299 of annual interest.

On a median-priced agreement from this index (21.99%) the same $3,000 would run about $738 a year, so this card costs in the region of $561 more annually for the identical balance.

Per statement cycle that is on the order of $90.02 on $3,000, which is the number that actually shows up on a bill.

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.

The fee structure

Holding the card costs $25 a year before any transaction takes place — about the 78th percentile among agreements in this index that state a fee.

What a missed payment costs

$41 is the disclosed ceiling on a late payment fee, placing it near the 89th percentile of the set.

The grace period

26 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

What you cannot learn from the filing

Absent from the captured terms: anything about cash advances, balance transfer 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.

Against the rest of Coastal Community Bank's filings

There are 10 filings from Coastal Community Bank in this index. The issuer's own range is 0%–36%. At 35.99%, this agreement is dearer than 4 of its siblings.

Go to the source

This summary stands or falls on the linked PDF — 18 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

This is an expensive agreement by the standards of the corpus, driven by a 35.99% purchase rate that is inert for a transactor and punishing for a revolver. Note that the $25 annual fee falls due whether the card is used or not. Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.