FinWise T&Cs OK TX

Great American Finance Holdings's filed agreement for FinWise T&Cs OK TX 092221 discloses a 0.75% purchase APR and a $300 annual fee. That purchase rate ranks near the 1st percentile across this corpus of 4,587 filings.

On the face of the filing

The document behind this page is Great American Finance Holdings's filed agreement for FinWise T&Cs OK TX 092221. The filing runs 14 pages.

The filing is explicit about 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.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

One important caveat sits on top of everything else here: the rate table in this filing covers more than one product. Figures shown on this page may belong to a sibling card in the same table rather than to this one, and only the PDF can settle which row applies.

The purchase rate was taken from a row the filing did not clearly label, so there is some risk it describes a different balance type.

Where the purchase APR sits

0.75% puts the purchase APR near the 1st percentile across 2,280 agreements, so it is lower than almost every other agreement here.

What the rate means in dollars

At the disclosed purchase APR, $5,000 revolving for a full year costs something like $38 in interest.

Priced at the median of 21.99%, that balance would generate about $1,229 in a year — so this agreement comes in around $1,192 cheaper for the same debt.

Broken down to a single thirty-day cycle, the same balance accrues roughly $3.08.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

The fee structure

Holding the card costs $300 a year before any transaction takes place — about the 98th percentile among agreements in this index that state a fee.

One way to size that fee: at the card's own purchase rate of 0.75%, $300 is roughly the interest a balance of about $40,000 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

Default pricing

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

The grace period

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

What you cannot learn from the filing

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing. 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.

The issuer's other agreements

This is one of 4 Great American Finance Holdings agreements collected here. Every one of the others that discloses a purchase rate discloses the same 2.08%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

The document itself

The original filing, 14 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

The purchase rate of 0.75% is one of the cheaper figures in this index — the central point in the agreement's favour. Note that the $300 annual fee falls due whether the card is used or not. 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. And because the filing covers several products in one table, even the figures that are right may belong to a different card.