Destiny® Mastercard®

Destiny® Mastercard®, as filed by First Electronic Bank, carries a 35.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 91st percentile.

On the face of the filing

This page covers the agreement First Electronic Bank filed for Destiny® Mastercard®. The filing runs 12 pages, and It is issued on the Mastercard network.

The filing is explicit about a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

How the purchase rate compares

35.9% puts the purchase APR near the 91st percentile across 2,280 agreements, so it is costlier than the large majority of filings here.

What a balance actually costs

A $2,500 balance left untouched for twelve months accrues about $1,079 in interest at this purchase rate.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $615. The gap — roughly $464 a year on $2,500 — is the price of this particular filing over a typical one.

Small balances do not get a proportionally small bill — the agreement imposes a $1 minimum interest charge in any month where interest applies.

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

Taking cash against the card means a cash advance fee of $5 or 5% of the advance, whichever is greater.

Foreign transactions attract 1%. On $1,000 of overseas spending that is $10, charged on top of whatever exchange rate applies.

Default pricing

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

The grace period

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

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

Inside First Electronic Bank's filed lineup

First Electronic Bank has 23 agreements indexed on this site. Across that lineup purchase rates span 29.49% to 35.99%; this filing's 35.9% sits above 16 of the comparable ones.

What the filing does not tell you

Absent from the captured terms: balance transfer terms, an annual fee and penalty pricing. The original document is the place to look for any of these.

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.

The document itself

The original filing, 12 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

35.9% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index.