Credit Card Disclosures One

Credit Card Disclosures One, as filed by Firstbank Puerto Rico, carries a purchase APR of 16.75%–29%, no annual fee, a 1.99% introductory rate and a 29.99% penalty rate. The purchase rate sits at roughly the 69th percentile of the 4,587 agreements indexed here.

What this filing discloses

Credit Card Disclosures One is one of the agreements Firstbank Puerto Rico has on file with the CFPB. The filing runs three pages.

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

Introductory pricing

The introductory rate is 1.99%, held for six months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 1.99% sits at about the 66th percentile.

The go-to rate is 29%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $673 a year on $2,000.

The purchase APR against the corpus

Rather than a single purchase rate, the document gives a band — 16.75% at the bottom, 29% at the top, 12.25 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Read against the index, the low end ranks around the 43rd percentile and the high end around the 69th — the band straddles a wide stretch of the market this corpus describes.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

The arithmetic of revolving

The purchase rate turns a $2,000 revolving balance into roughly $673 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $492 on that balance. This one charges about $181 more per year.

Broken down to a single thirty-day cycle, the same balance accrues roughly $48.22.

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.

For cash advances the filing discloses a cash advance fee of $2 or 2% of the advance, whichever is greater and a cash advance APR of 25.25%.

Moving a balance onto this card carries an up-front charge of 2% of the amount transferred, with the transferred balance priced at 16.75%. Transferring $2,000 would cost roughly $40 at the door.

The filing sets a 1.4% foreign transaction fee, which adds roughly $42 to $3,000 spent outside the United States.

Default pricing

A penalty APR of 29.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 61st percentile.

$10 is the disclosed ceiling on a late payment fee, placing it near the 6th percentile of the set.

Against the rest of Firstbank Puerto Rico's filings

There are 19 filings from Firstbank Puerto Rico in this index. The others all file the same 29% purchase rate. Whatever separates these products, it is not the cost of borrowing.

The limits of this document

Absent from the captured terms: a grace period. 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.

Where the authority sits

The original filing, 3 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

At 29% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.