The Mission Lane Visa® Credit Card Issued by WebBank

On the record for The Mission Lane Visa┬« Credit Card Issued by WebBank 2026: a purchase APR of 19.99%–33.99% and no annual fee, filed by Mission Lane. Against the 4,587 filings on this site, that rate lands around the 79th percentile.

On the face of the filing

Mission Lane submitted the terms for The Mission Lane Visa® Credit Card Issued by WebBank 2026 to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs 25 pages.

The disclosure covers a purchase rate, a cash advance rate, an annual fee line and a grace period. It is silent on a balance transfer rate, a penalty rate and a late payment maximum.

Pricing the purchase rate

This is a tiered agreement: the filing discloses a purchase APR anywhere from 19.99% to 33.99%, a spread of 14 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Those two numbers occupy very different places in the corpus: roughly the 61st percentile at the bottom and the 79th at the top.

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.

Translating the rate into money

A $2,000 balance left untouched for twelve months accrues about $809 in interest at this purchase rate.

A card priced at the corpus median of 21.99% would charge roughly $492 on that balance. This one charges about $317 more per year.

Note the $0.50 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.

What the card costs before you borrow

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 APR of 19.99%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Paying in full

23 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That is shorter than the 25-day corpus median.

The $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Against the rest of Mission Lane's filings

Mission Lane has 4 agreements indexed on this site. Every one of the others that discloses a purchase rate discloses the same 33.99%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

The limits of this document

This page cannot tell you balance transfer terms, a foreign transaction 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.

The document itself

The filed PDF is linked from this page and runs 25 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 33.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.