NIUAA Pricing

The NIUAA Pricing filing quotes margins over Prime instead of finished rates. What that leaves knowable — and what it does not — is the subject of this analysis.

On the face of the filing

What follows is drawn entirely from Commerce Bank's CFPB filing for NIUAA Pricing. The filing runs one page, and It is issued on the Visa network.

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

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

Margins, not APRs

The rate figures in this agreement are expressed as margins over the Prime Rate rather than as absolute APRs. A margin is not a rate: the rate is the margin plus whatever Prime happens to be.

The margins captured from the filing are 23.99 points for penalty pricing.

Because the filing prices off an index, the dollar cost of a balance cannot be computed from the document alone. It is the current Prime Rate that completes the sum, and that changes.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

The downside terms

$40 is the disclosed ceiling on a late payment fee, placing it near the 72nd percentile of the set.

What the card costs before you borrow

Cash advances carry a cash advance fee of $10 or 5% of the advance, whichever is greater.

A balance transfer costs $10 or 5% of the amount transferred, whichever is greater up front. The filing does not separately state the rate applied to transferred balances. On $7,500 that fee is about $375 before any interest is charged.

Spending abroad costs an extra 2% — about $40 on $2,000 of purchases, independent of interest.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

A minimum interest charge of $2.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

Against the rest of Commerce Bank's filings

There are 165 filings from Commerce Bank in this index.

The limits of this document

Absent from the captured terms: a purchase rate and an annual fee. 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.

Reading the agreement yourself

The original filing, 1 page 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

What can be said is how this card is priced, not what it costs. That distinction is the whole of the analysis here, and the agreement is the place to confirm the index it uses.