1 9 26 AMP Level C Cardholder Agreement

1 9 26 AMP Level C Cardholder Agreement, as filed by First International Bank and Trust, carries a 21.99% purchase APR, no annual fee and a 2.9% introductory rate. That purchase rate ranks near the 49th percentile across this corpus of 4,587 filings.

The disclosed terms

What follows is drawn entirely from First International Bank and Trust's CFPB filing for 1 9 26 AMP Level C Cardholder Agreement. The filing runs four pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

The promotional period

For the first 12 months the filing sets a reduced rate of 2.9%. Balances still cost something during that window.

Among the 763 filings here that disclose an introductory rate, 2.9% sits at about the 73rd percentile.

Once the introductory period ends the rate becomes 21.99%, which turns a lingering $5,000 balance into approximately $1,229 of annual interest.

The purchase rate in context

Measured against every other filing on the site, 21.99% is about the 49th percentile for purchase APR; it is about typical for the filings collected here.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

The cost of carrying a balance

Carry $4,000 on this card for a year without paying it down and the purchase rate alone generates roughly $983 in interest.

The corpus median of 21.99% produces practically the same bill, so on carrying cost this card is unremarkable.

Per statement cycle that is on the order of $72.93 on $4,000, which is the number that actually shows up on a bill.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

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.

Taking cash against the card means a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 24.99%. The premium over purchases is 3 percentage points. The two halves of that fee cross at about $167: below it the flat $5 applies, above it the percentage does.

The transfer fee is $5 or 3% of the amount transferred, whichever is greater; transferred balances then run at 21.99%. On $1,000 that fee is about $30 before any interest is charged.

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

The no-interest path

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

What a missed payment costs

The maximum late fee is $35 — roughly the 54th percentile of the late fee ceilings disclosed across this index.

Against the rest of First International Bank and Trust's filings

There are 16 filings from First International Bank and Trust in this index. Their disclosed purchase rates run from 9.99% to 27.99%, and this one at 21.99% is more expensive than 10 of them.

9 of the issuer's other 15 disclosing filings are likewise fee-free.

What is outside the disclosure

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Reading the agreement yourself

Everything here is a reading of the filed agreement, four pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The pricing here is middling by the standards of the index — 21.99% on purchases is near enough to typical. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.