Southern Bank Cardholder Consumer CC ALL T&C Q2

On the record for Southern Bank Cardholder Consumer CC ALL T&C Q2 2025: a purchase APR of 15.24%–26.24%, no annual fee and a 12-month 0% opening period, filed by First-Citizens Bank & Trust. The purchase rate sits at roughly the 63rd percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

The document behind this page is First-Citizens Bank & Trust's filed agreement for Southern Bank Cardholder Consumer CC ALL T&C Q2 2025. It is issued on the Visa network and the filing runs five pages.

Terms captured from the document include a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. It is silent on a balance transfer rate, a penalty rate and a grace period.

Zero percent, and then what

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

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

Once the introductory period ends the rate becomes 26.24%, which turns a lingering $2,000 balance into approximately $600 of annual interest.

The promotional window is therefore worth something on the order of $600 on $2,000, measured against the same balance priced at the standard rate for the same period.

Pricing the purchase rate

The purchase APR is quoted as a range of 15.24% to 26.24%. That 11-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Those two numbers occupy very different places in the corpus: roughly the 35th percentile at the bottom and the 63rd at the top.

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.

What the rate means in dollars

A $3,000 balance left untouched for twelve months accrues about $900 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $162 a year of extra interest on the same $3,000.

Broken down to a single thirty-day cycle, the same balance accrues roughly $65.38.

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.

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

The no-interest path

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

Default pricing

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

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.

Cash advances carry a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 26.24%. The two halves of that fee cross at about $167: below it the flat $5 applies, above it the percentage does.

A balance transfer costs $5 or 3% of the amount transferred, whichever is greater up front. The filing does not separately state the rate applied to transferred balances. Shifting $3,000 across attracts something like $90 in fees on day one.

Spending abroad costs an extra 2% — about $30 on $1,500 of purchases, independent of interest.

Inside First-Citizens Bank & Trust's filed lineup

6 separate First-Citizens Bank & Trust filings appear in the corpus. Their disclosed purchase rates run from 22.49% to 26.24%, and this one at 26.24% is more expensive than 4 of them.

What is outside the disclosure

This page cannot tell you a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Go to the source

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

In short

26.24% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.