Cardholder Agreement Secured(Groundwork)

Mrv Banks's filed agreement for 20251004 Cardholder Agreement Secured(Groundwork) discloses a 18% purchase APR and a $39 annual fee. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

The disclosed terms

The document behind this page is Mrv Banks's filed agreement for 20251004 Cardholder Agreement Secured(Groundwork). The filing runs 26 pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Collateral and the deposit

Secured cards work against a deposit held by the issuer. The rate and fee figures summarised here say nothing about the size of that deposit or the terms attached to it, both of which are matters for the agreement text itself.

Securing the line has not placed this agreement at the bottom of the market — 18% ranks near the 34th percentile across every filing indexed here.

Pricing the purchase rate

Ranked against the corpus, this purchase APR — 18% — sits at approximately the 34th percentile and undercuts the typical filing.

What the rate means in dollars

The purchase rate turns a $1,200 revolving balance into roughly $237 of annual interest.

Priced at the median of 21.99%, that balance would generate about $295 in a year — so this agreement comes in around $58 cheaper for the same debt.

Per statement cycle that is on the order of $17.88 on $1,200, which is the number that actually shows up on a bill.

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.

Charges beyond interest

The annual fee is $39, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 86th percentile.

Expressed in the card's own terms, the $39 fee equals about a year's interest on a $217 balance at the disclosed 18% purchase rate.

The foreign transaction fee is zero — a minority position in this corpus, where roughly 22% of disclosing filings waive it.

Default pricing

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

Grace period and minimum charge

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.

What the filing does not tell you

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

The issuer's other agreements

This is one of 10 Mrv Banks agreements collected here. Across that lineup purchase rates span 21.74% to 35.99%; this filing's 18% sits above 0 of the comparable ones.

Its $39 annual fee is higher than 1 of the 7 sibling filings that state one.

The document itself

The original filing, 26 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 pricing here is middling by the standards of the index — 18% on purchases is near enough to typical. The $39 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.