Business Platinum Series Non Profit DTC 1 2025

On the record for Business Platinum Series Non Profit DTC 1 2025 v15: a 20.99% purchase APR, no annual fee, a 0% opening rate and a 28.24% penalty rate, filed by First Arkansas Bank and Trust. That purchase rate ranks near the 45th percentile across this corpus of 4,587 filings.

What this filing discloses

Business Platinum Series Non Profit DTC 1 2025 v15 is one of the agreements First Arkansas Bank and Trust has on file with the CFPB. The filing runs four pages.

The filing is explicit about 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.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

Once the introductory period ends the rate becomes 20.99%, which turns a lingering $1,000 balance into approximately $233 of annual interest.

The purchase rate in context

Ranked against the corpus, this purchase APR — 20.99% — sits at approximately the 45th percentile and sits close to the middle of the corpus.

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.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

What the rate means in dollars

Put $1,200 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $280.

Priced at the median of 21.99%, that balance would generate about $295 in a year — so this agreement comes in around $15 cheaper for the same debt.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Grace period and minimum charge

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

When a payment is late

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.

What the card costs before you borrow

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 24.49%. Cash is therefore 3.5 points dearer than buying something with the card. Advances under roughly $200 are charged the flat $10; larger ones are charged 5%. 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 $5,000 would cost roughly $200 at the door.

Spending abroad costs an extra 3% — about $45 on $1,500 of purchases, independent of interest.

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

Inside First Arkansas Bank and Trust's filed lineup

This is one of 19 First Arkansas Bank and Trust agreements collected here. The issuer's own range is 14.49%–23.49%. At 20.99%, this agreement is dearer than 9 of its siblings.

What is outside the disclosure

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

Everything here is a reading of the filed agreement, four pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The pricing here is middling by the standards of the index — 20.99% on purchases is near enough to typical. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.