Platinum Rewards MasterCard Credit Card Agreement and Disclosures

On the record for Platinum Rewards MasterCard Credit Card Agreement and Disclosures: a 12-month 0% opening period, filed by Firstmerit Bank N. a.

What the document actually states

Platinum Rewards MasterCard Credit Card Agreement and Disclosures is one of the agreements Firstmerit Bank N. a has on file with the CFPB. It is issued on the Mastercard network and the filing runs seven pages.

On the record here: a balance transfer rate, a late payment maximum, a foreign transaction fee and a grace period. A purchase rate, a cash advance rate and a penalty rate are not stated.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

What the promotional rate is worth

This agreement opens at 0% for 12 months, the only period in the document where carrying a balance is free.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

The filing captures the promotional rate but not the rate that replaces it. That is the more important of the two numbers, and it is not on this page — the agreement itself has to be read for it.

Charges beyond interest

For cash advances the filing discloses a cash advance fee of $15 or 5% of the advance, whichever is greater.

The transfer fee is 3% of the amount transferred; transferred balances then run at 13.49%. Shifting $7,500 across attracts something like $225 in fees on day one.

Spending abroad costs an extra 3% — about $60 on $2,000 of purchases, independent of interest.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

When a payment is late

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The grace period

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

What you cannot learn from the filing

This page cannot tell you a purchase rate, an annual 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.

Inside Firstmerit Bank N. a's filed lineup

Firstmerit Bank N. a has 3 agreements indexed on this site.

Go to the source

The original filing, 7 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

All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.