Central Market Visa Signature® Credit Card (1)

Central Market Visa Signature┬« Credit Card (1), as filed by First Electronic Bank, carries a purchase APR of 17.24%–35.99% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 97th percentile.

The disclosed terms

This page covers the agreement First Electronic Bank filed for Central Market Visa Signature® Credit Card (1). The filing runs 18 pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

How the purchase rate compares

Rather than a single purchase rate, the document gives a band — 17.24% at the bottom, 35.99% at the top, 18.75 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 46th percentile of filed purchase rates; the ceiling sits at about the 97th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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

The purchase rate turns a $5,000 revolving balance into roughly $2,165 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $1,229 on that balance. This one charges about $935 more per year.

Month to month it reads as about $150.04 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.

Where the fees are

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.

The grace period

Purchases carry a 21-day grace period: pay the statement in full inside it and the purchase rate never applies. That is shorter than the 25-day corpus median.

Default pricing

On the fee side, a late payment can cost up to $35, which is around the 54th percentile here.

Inside First Electronic Bank's filed lineup

There are 23 filings from First Electronic Bank in this index. Their disclosed purchase rates run from 29.49% to 35.99%, and this one at 35.99% is more expensive than 17 of them.

What you cannot learn from the filing

This page cannot tell you anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Reading the agreement yourself

The filed PDF is linked from this page and runs 18 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The defining fact about this filing is the purchase rate: at 35.99% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance. The absence of an annual fee means the rate is the only thing that can make this card expensive.