avianca lifemiles American Express Elite Card Cardholder Agreement and Rate Fees

avianca lifemiles American Express Elite Card Cardholder Agreement and Rate Fees, as filed by First Electronic Bank, carries a purchase APR of 19.49%–29.49% and a $249 annual fee. Against the 4,587 filings on this site, that rate lands around the 70th percentile.

On the face of the filing

This page covers the agreement First Electronic Bank filed for avianca lifemiles American Express Elite Card Cardholder Agreement and Rate Fees. It is issued on the Amex network and the filing runs 42 pages.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Where the purchase APR sits

This is a tiered agreement: the filing discloses a purchase APR anywhere from 19.49% to 29.49%, a spread of 10 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Read against the index, the low end ranks around the 59th percentile and the high end around the 70th — the band straddles a wide stretch of the market this corpus describes.

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.

The arithmetic of revolving

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $343 in interest.

On a median-priced agreement from this index (21.99%) the same $1,000 would run about $246 a year, so this card costs in the region of $97 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $24.52.

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

The fee structure

Holding the card costs $249 a year before any transaction takes place — about the 97th percentile among agreements in this index that state a fee.

The grace period

The filing gives 21 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That is shorter than the 25-day corpus median.

Default pricing

Late payments are capped at $8 under this filing, about the 4th percentile of late fee maximums in the corpus.

The issuer's other agreements

23 separate First Electronic Bank filings appear in the corpus. Their disclosed purchase rates run from 29.49% to 35.99%, and this one at 29.49% is more expensive than 0 of them.

Its $249 annual fee is higher than 18 of the 18 sibling filings that state one.

What the filing does not tell you

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee 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.

This filing was also long enough to be truncated during processing, so later pages of the agreement were not read at all.

The document itself

This summary stands or falls on the linked PDF — 42 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 29.49% on purchases is near enough to typical. Note that the $249 annual fee falls due whether the card is used or not.