CFPB Consumer Credit Card Disclosure 22 50%

First American Bank and Trust's filed agreement for CFPB Consumer Credit Card Disclosure 22 50% discloses a 22.5% purchase APR and no annual fee. That purchase rate ranks near the 52nd percentile across this corpus of 4,587 filings.

On the face of the filing

First American Bank and Trust submitted the terms for CFPB Consumer Credit Card Disclosure 22 50% to the CFPB's agreement database; this is what they contain. The filing runs one page.

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.

The purchase rate in context

Set beside the rest of the index, the purchase APR of 22.5% lands at the 52nd percentile; it lands near the median.

Unusually for this corpus, the filing labels the purchase rate as fixed rather than variable — the overwhelming majority of agreements indexed here disclose variable pricing.

What a balance actually costs

A $1,500 balance left untouched for twelve months accrues about $378 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $1,500 would run about $369 a year, so this card costs in the region of $10 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $27.99.

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.

When a payment is late

On the fee side, a late payment can cost up to $15, which is around the 11th percentile here.

What the card costs before you borrow

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 APR of 22.5%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 22.5% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 1% — about $10 on $1,000 of purchases, independent of interest.

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

What you cannot learn from the filing

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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 — one page. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 22.5% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.