Private Bank Cardmember Agreement

On the record for Private Bank Cardmember Agreement: a 12.74% purchase APR and no annual fee, filed by Fifth Third Bank. Against the 4,587 filings on this site, that rate lands around the 9th percentile.

What this filing discloses

Private Bank Cardmember Agreement is one of the agreements Fifth Third Bank has on file with the CFPB. The filing runs ten pages, and It is issued on the Mastercard network.

Terms captured from the document include 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.

The purchase APR against the corpus

Measured against every other filing on the site, 12.74% is about the 9th percentile for purchase APR; it reads as inexpensive against the rest of the filings.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

The cost of carrying a balance

Put $2,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $272.

Measured against the 21.99% corpus median, the same $2,000 costs approximately $220 less per year here.

Per statement cycle that is on the order of $21.05 on $2,000, 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.

Charges beyond interest

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Taking cash against the card means a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 24.99%. That is 12.25 points above the purchase rate.

Balance transfers cost $5 or 4% of the amount transferred, whichever is greater up front and then accrue at 5.99%. Transferring $7,500 would cost roughly $300 at the door.

The grace period

The filing gives 23 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. With a corpus median of 25 days, this window is narrower than the norm.

Where interest applies at all, the filing bills at least $1.50. On a tiny balance that floor can dwarf the rate itself.

What a missed payment costs

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

How it sits in the issuer's own range

5 separate Fifth Third Bank filings appear in the corpus. The issuer's own range is 8.74%–29.49%. At 12.74%, this agreement is dearer than 1 of its siblings.

3 of the issuer's other 4 disclosing filings are likewise fee-free.

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.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

The document itself

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

In short

12.74% places this filing at the inexpensive end of the set, which is the headline here.