cashback agree

cashback agree, as filed by Huntington National Bank, the, carries a purchase APR of 16.74%–30.74%, no annual fee and a 12-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 76th percentile.

On the face of the filing

The document behind this page is Huntington National Bank, the's filed agreement for cashback agree. The filing runs 14 pages.

The disclosure covers 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 and a foreign transaction fee.

The interest-free window

The filing discloses a 0% introductory rate running 12 months. For that window, balances covered by the promotion accrue no interest at all.

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.

What matters more than the promotion is the rate waiting behind it: 30.74%. A $5,000 balance that survives the promotional window costs roughly $1,799 a year from that point on.

Valued honestly, 12 months at zero on $5,000 avoids about $1,799 of interest compared with the go-to rate — the whole of what the promotion delivers.

The purchase rate in context

Rather than a single purchase rate, the document gives a band — 16.74% at the bottom, 30.74% at the top, 14 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 42nd percentile and the high end around the 76th — the band straddles a wide stretch of the market this corpus describes.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

Translating the rate into money

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $899 in interest.

On a median-priced agreement from this index (21.99%) the same $2,500 would run about $615 a year, so this card costs in the region of $285 more annually for the identical balance.

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.

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 $10 or 3% of the advance, whichever is greater and a cash advance APR of 28.74%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Moving a balance onto this card carries an up-front charge of $10 or 3% of the amount transferred, whichever is greater, with the transferred balance priced at 20.74%. On $2,000 that fee is about $60 before any interest is charged.

What a missed payment costs

Late payments are capped at $40 under this filing, about the 72nd percentile of late fee maximums in the corpus.

The no-interest path

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. With a corpus median of 25 days, this window is narrower than the norm.

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

What is outside the disclosure

Absent from the captured terms: a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

The issuer's other agreements

There are 38 filings from Huntington National Bank, the in this index. Across that lineup purchase rates span 12.24% to 30.74%; this filing's 30.74% sits above 33 of the comparable ones.

The document itself

The filed PDF is linked from this page and runs 14 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

30.74% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.