Cardholder Agreement

Intrust Bank's filed agreement for Cardholder Agreement discloses a 12.24% purchase APR, no annual fee, a 12-month 0% opening period and a 27.99% penalty rate. That purchase rate ranks near the 8th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

What follows is drawn entirely from Intrust Bank's CFPB filing for Cardholder Agreement. It is issued on the Visa network and the filing runs seven 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.

Zero percent, and then what

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

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

Behind the promotion sits a 12.24% purchase rate. On $2,500 that is in the region of $325 a year once the window closes.

Valued honestly, 12 months at zero on $2,500 avoids about $325 of interest compared with the go-to rate — the whole of what the promotion delivers.

How the purchase rate compares

12.24% puts the purchase APR near the 8th percentile across 2,280 agreements, so it reads as inexpensive against the rest of the filings.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

The cost of carrying a balance

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $130 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,000 would cost about $246 a year. This filing saves roughly $116 annually against that benchmark.

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.

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 24.99%. That is 12.75 points above the purchase rate.

The transfer fee is $10 or 3% of the amount transferred, whichever is greater; transferred balances then run at 12.24%. On $1,000 that fee is about $30 before any interest is charged.

The filing sets a 3% foreign transaction fee, which adds roughly $45 to $1,500 spent outside the United States.

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

Default pricing

If the account defaults, the filing permits a rate of 27.99%. Among disclosing agreements here that ranks near the 53rd percentile.

That is 15.75 points above the standard purchase rate. On a $1,000 balance, the shift from 12.24% to 27.99% adds something like $193 of interest over a year — the real cost of the default, quite apart from the fee itself.

Late payments are capped at $37 under this filing, about the 59th percentile of late fee maximums in the corpus.

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

The limits of this document

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.

Where the authority sits

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

In short

At 12.24% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.