College Avenue Stude 17 07 2023

College Avenue Stude 17 07 2023 93235, as filed by Evolve Bank & Trust, carries a 0% purchase APR. Against the 4,587 filings on this site, that rate lands around the 1st percentile.

What this filing discloses

College Avenue Stude 17 07 2023 93235 is one of the agreements Evolve Bank & Trust has on file with the CFPB. The filing runs 32 pages.

The filing is explicit about a purchase rate and a late payment maximum. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

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

The purchase APR against the corpus

Measured against every other filing on the site, 0% is about the 1st percentile for purchase APR; it is lower than almost every other agreement here.

What the rate means in dollars

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $0 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,200 would cost about $295 a year. This filing saves roughly $295 annually against that benchmark.

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.

What the card costs before you borrow

For cash advances the filing discloses a cash advance fee of 3%.

The downside terms

Late payments are capped at $0 under this filing, about the 2nd percentile of late fee maximums in the corpus.

What you cannot learn from the filing

Absent from the captured terms: balance transfer terms, an annual fee, a foreign transaction fee and a grace period. 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.

How it sits in the issuer's own range

There are 8 filings from Evolve Bank & Trust in this index. The issuer's own range is 0%–29.49%. At 0%, this agreement is dearer than 0 of its siblings.

Reading the agreement yourself

The filed PDF is linked from this page and runs 32 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 0% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.