Mercury Visa Signature

Mercury Visa Signature, as filed by First Bank & Trust, carries a purchase APR of 29.99%–31.99% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 76th percentile.

What the agreement puts on the record

What follows is drawn entirely from First Bank & Trust's CFPB filing for Mercury Visa Signature. It is issued on the Visa network and the filing runs nine pages.

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. No figure appears for a penalty rate.

Pricing the purchase rate

Purchases price between 29.99% and 31.99% under this filing. The 2-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 77th percentile at the bottom and the 76th at the top.

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 cost of carrying a balance

The purchase rate turns a $1,200 revolving balance into roughly $452 of annual interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $295. The gap — roughly $157 a year on $1,200 — is the price of this particular filing over a typical one.

Per statement cycle that is on the order of $31.96 on $1,200, which is the number that actually shows up on a bill.

There is also a floor: the filing sets a minimum interest charge of $1.50, so any cycle that accrues less than that is billed at $1.50 anyway.

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

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 22.49%. $200 is the crossover point where the percentage overtakes the $10 minimum. 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.

Balance transfers cost $5 or 4% of the amount transferred, whichever is greater up front and then accrue at 29.99%. Transferring $7,500 would cost roughly $300 at the door.

The filing sets a 3% foreign transaction fee, which adds roughly $60 to $2,000 spent outside the United States.

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

Default pricing

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

The no-interest path

Purchases carry a 23-day grace period: pay the statement in full inside it and the purchase rate never applies. The typical filing here allows 25 days, so this one is tighter than most.

The $1.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

What is outside the disclosure

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

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

How it sits in the issuer's own range

12 separate First Bank & Trust filings appear in the corpus. Their disclosed purchase rates run from 29.99% to 35.99%, and this one at 31.99% is more expensive than 4 of them.

On fees, 6 of the 7 sibling filings that disclose an annual fee also set it at zero — this one is among them.

Go to the source

The original filing, 9 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

At 31.99% 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.