Business Platinum DTC 1 2025

First Arkansas Bank and Trust's filed agreement for Business Platinum DTC 1 2025 v15 discloses a 20.99% purchase APR, no annual fee, a 0% opening rate and a 28.24% penalty rate. That purchase rate ranks near the 45th percentile across this corpus of 4,587 filings.

On the face of the filing

First Arkansas Bank and Trust submitted the terms for Business Platinum DTC 1 2025 v15 to the CFPB's agreement database; this is what they contain. The filing runs four pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

What the promotional rate is worth

A 0% promotional rate appears in the document without an accompanying term — the length of the window is not captured.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

The go-to rate is 20.99%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $233 a year on $1,000.

The purchase APR against the corpus

The purchase APR of 20.99% places this agreement around the 45th percentile of the set — it lands near the median.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

What the rate means in dollars

Carry $4,000 on this card for a year without paying it down and the purchase rate alone generates roughly $934 in interest.

The corpus median purchase rate is 21.99%, which on the same $4,000 would cost about $983 a year. This filing saves roughly $50 annually against that benchmark.

Month to month it reads as about $69.59 per cycle on that balance.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

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.

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

The downside terms

The agreement discloses penalty pricing of 28.24% — about the 54th percentile of the 794 penalty rates recorded across this index.

That is 7.25 points above the standard purchase rate. On a $3,000 balance, the shift from 20.99% to 28.24% adds something like $278 of interest over a year — the real cost of the default, quite apart from the fee itself.

Late payments are capped at $35 under this filing, about the 54th percentile of late fee maximums in the corpus.

Charges beyond interest

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 fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 24.49%. That is 3.5 points above the purchase rate. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Moving a balance onto this card carries an up-front charge of $10 or 4% of the amount transferred, whichever is greater, with the transferred balance priced at 20.99%. Transferring $1,000 would cost roughly $40 at the door.

Foreign transactions attract 3%. On $1,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

How it sits in the issuer's own range

19 separate First Arkansas Bank and Trust filings appear in the corpus. The issuer's own range is 14.49%–23.49%. At 20.99%, this agreement is dearer than 9 of its siblings.

The limits of this document

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.

Where the authority sits

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

In short

20.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.