Dual Application Disclosure $30 $41 Jan 31 2026 APR Update

The Dual Application Disclosure $30 $41 Jan 31 2026 APR Update filing from Credit First sets out a 33.24% purchase APR, no annual fee and a 39.99% penalty rate. The purchase rate sits at roughly the 78th percentile of the 4,587 agreements indexed here.

What the document actually states

The document behind this page is Credit First's filed agreement for Dual Application Disclosure $30 $41 Jan 31 2026 APR Update. It is issued on the Mastercard network and the filing runs 11 pages.

On the record here: a purchase rate, a penalty 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 foreign transaction fee.

How the purchase rate compares

The purchase APR of 33.24% places this agreement around the 78th percentile of the set — it sits in the more expensive half.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

What the rate means in dollars

At the disclosed purchase APR, $2,500 revolving for a full year costs something like $985 in interest.

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 $371 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $69.21.

Note the $2 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

The downside terms

A penalty APR of 39.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 86th percentile.

A default therefore reprices the debt by 6.75 points: about $292 a year more on $3,000, for as long as the penalty rate stands.

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

The fee structure

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

The grace period

Anyone clearing the statement balance inside 23 days pays no purchase interest at all under this filing. The typical filing here allows 25 days, so this one is tighter than most.

The $2 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

What you cannot learn from the filing

This page cannot tell you anything about cash advances, balance transfer terms and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

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

This summary stands or falls on the linked PDF — 11 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

33.24% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.