Pricing Guide and Disclosures OnlineVersion 062023 FINAL

On the record for Pricing Guide and Disclosures OnlineVersion 062023 FINAL: no annual fee and a six-month 0% opening period, filed by First Commonwealth Bank.

What the document actually states

What follows is drawn entirely from First Commonwealth Bank's CFPB filing for Pricing Guide and Disclosures OnlineVersion 062023 FINAL. The filing runs four pages, and It is issued on the Mastercard network.

The filing is explicit about a cash advance rate, a balance transfer rate, an annual fee line, a late payment maximum and a foreign transaction fee. It is silent on a purchase rate and a penalty rate.

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

The interest-free window

The filing discloses a 0% introductory rate running six months. For that window, balances covered by the promotion accrue no interest at all.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Fees, and what triggers them

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.

For cash advances the filing discloses a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 19.99%.

The filing discloses a 35% balance transfer rate without an accompanying fee figure.

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.

What a missed payment costs

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

Paying in full

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 $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

What the filing does not tell you

Absent from the captured terms: a purchase rate and 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.

Inside First Commonwealth Bank's filed lineup

First Commonwealth Bank has 18 agreements indexed on this site. Their disclosed purchase rates run from 18.49% to 19.99%, though this particular filing does not state one in comparable form.

On fees, 14 of the 17 sibling filings that disclose an annual fee also set it at zero — this one is among them.

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

Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.