Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Purchase APR | 16.49%–28.49% (variable) |
|---|---|
| Introductory APR | 0% for 9 months |
| Balance transfer APR | 29.99% |
| Cash advance APR | 16.49% |
| Annual fee | $0 |
| Late payment fee | up to $35 |
| Balance transfer fee | $10 or 4% of the amount of each transfer, whichever is greater. |
| Grace period | 25 days |
| Minimum interest charge | $2 |
| Network | Mastercard |
Analysis
Farm Bureau Bank's filed agreement for Consumer Rewards MasterCard Credit Card Terms Effective 3 1 2026 discloses a purchase APR of 16.49%–28.49%, no annual fee and a nine-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 68th percentile.
What this filing discloses
This page covers the agreement Farm Bureau Bank filed for Consumer Rewards MasterCard Credit Card Terms Effective 3 1 2026. The filing runs two pages, and It is issued on the Mastercard network.
The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate and a foreign transaction fee.
Zero percent, and then what
The filing discloses a 0% introductory rate running nine months. For that window, balances covered by the promotion accrue no interest at all.
About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.
What matters more than the promotion is the rate waiting behind it: 28.49%. A $1,000 balance that survives the promotional window costs roughly $329 a year from that point on.
Put the other way round, the nine-month zero rate is worth roughly $247 on a $1,000 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.
The purchase APR against the corpus
Purchases price between 16.49% and 28.49% under this filing. The 12-point gap between the two is material, and nothing in the agreement indicates where a given account would land.
Those two numbers occupy very different places in the corpus: roughly the 41st percentile at the bottom and the 68th at the top.
The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.
The arithmetic of revolving
Carry $3,000 on this card for a year without paying it down and the purchase rate alone generates roughly $988 in interest.
The median purchase rate across the corpus is 21.99%; the same balance there would cost about $738. The gap — roughly $251 a year on $3,000 — is the price of this particular filing over a typical one.
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.
Where the fees are
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.
Cash advances carry a cash advance APR of 16.49%.
Balance transfers cost $10 or 4% of the amount transferred, whichever is greater up front and then accrue at 29.99%. Transferring $1,000 would cost roughly $40 at the door.
When a payment is late
The maximum late fee is $35 — roughly the 54th percentile of the late fee ceilings disclosed across this index.
The grace period
Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.
A minimum interest charge of $2 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.
What the filing does not tell you
Absent from the captured terms: a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.
More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.
Reading the agreement yourself
This summary stands or falls on the linked PDF — two pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.
In short
At 28.49% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.
The source document
This page is a reading of one document: the cardholder agreement Farm Bureau Bank filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Farm Bureau Bank, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Farm Bureau Bank
This is the only agreement from Farm Bureau Bank in the database with enough disclosed terms to publish. See the issuer's full filing list.
Where this card sits
Groups this agreement qualifies for, by its own disclosed terms:
Comparable cards from other issuers
Closest disclosed purchase APR among cards in the same groups.