RCC SCC Combined Schumer and Agreement

M&T Bank's filed agreement for RCC SCC Combined Schumer and Agreement 2 01 2026 discloses a 20.74% purchase APR, no annual fee, a 0% opening rate and a 24.99% penalty rate. The purchase rate sits at roughly the 44th percentile of the 4,587 agreements indexed here.

What the document actually states

What follows is drawn entirely from M&T Bank's CFPB filing for RCC SCC Combined Schumer and Agreement 2 01 2026. It is issued on the Visa network and the filing runs 17 pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

Zero percent, and then what

A 0% promotional rate appears in the document without an accompanying term — the length of the window is not captured.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Once the introductory period ends the rate becomes 20.74%, which turns a lingering $2,000 balance into approximately $461 of annual interest.

How the purchase rate compares

Measured against every other filing on the site, 20.74% is about the 44th percentile for purchase APR; it is about typical for the filings collected here.

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.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

The cost of carrying a balance

The purchase rate turns a $1,500 revolving balance into roughly $346 of annual interest.

Measured against the 21.99% corpus median, the same $1,500 costs approximately $23 less per year here.

Month to month it reads as about $25.78 per cycle on that balance.

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.

The fee structure

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 25.74%. Cash is therefore 5 points dearer than buying something with the card. $333 is the crossover point where the percentage overtakes the $10 minimum.

Balance transfers cost 4% of the amount transferred up front and then accrue at 20.74%. Transferring $7,500 would cost roughly $300 at the door.

The filing sets a 3% foreign transaction fee, which adds roughly $90 to $3,000 spent outside the United States.

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

What a missed payment costs

The agreement discloses penalty pricing of 24.99% — about the 47th percentile of the 794 penalty rates recorded across this index.

The jump from 20.74% to 24.99% is 4.25 percentage points, worth roughly $133 extra per year on $2,500 of balance.

The maximum late fee is $35 — roughly the 54th percentile of the late fee ceilings disclosed across this index.

Grace period and minimum charge

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

The limits of this document

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.

Reading the agreement yourself

The filed PDF is linked from this page and runs 17 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The pricing here is middling by the standards of the index — 20.74% on purchases is near enough to typical.