SEIU Mercury Mastercard

SEIU Mercury Mastercard, as filed by First Bank & Trust, carries a 29.99% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 74th percentile.

What the document actually states

First Bank & Trust submitted the terms for SEIU Mercury Mastercard to the CFPB's agreement database; this is what they contain. The filing runs ten pages, and It is issued on the Mastercard network.

On the record here: a purchase rate, a balance transfer rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a cash advance rate and a penalty rate.

The purchase APR against the corpus

Ranked against the corpus, this purchase APR — 29.99% — sits at approximately the 74th percentile and runs above the midpoint of the corpus.

Translating the rate into money

Put $4,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,398.

On a median-priced agreement from this index (21.99%) the same $4,000 would run about $983 a year, so this card costs in the region of $415 more annually for the identical balance.

Month to month it reads as about $99.78 per cycle on that balance.

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.

Grace period and minimum charge

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

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 a missed payment costs

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

Where the fees are

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.

Cash advances carry a cash advance fee of $10 or 5% of the advance, whichever is greater. The two halves of that fee cross at about $200: below it the flat $10 applies, above it the percentage does.

Balance transfers cost $5 or 4% of the amount transferred, whichever is greater up front and then accrue at 29.99%. Shifting $3,000 across attracts something like $120 in fees on day one.

Spending abroad costs an extra 3% — about $30 on $1,000 of purchases, independent of interest.

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

Against the rest of First Bank & Trust's filings

This is one of 12 First Bank & Trust agreements collected here. Their disclosed purchase rates run from 29.99% to 35.99%, and this one at 29.99% is more expensive than 0 of them.

6 of the issuer's other 7 disclosing filings are likewise fee-free.

The limits of this document

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

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.

The document itself

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

In short

At 29.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.