Cardholder Agreement (Groundwork)

Mrv Banks's filed agreement for 20260101 Cardholder Agreement (Groundwork) discloses a purchase APR of 12.74%–27.74%, a $50 annual fee and a 29.99% penalty rate. Against the 4,587 filings on this site, that rate lands around the 67th percentile.

On the face of the filing

The document behind this page is Mrv Banks's filed agreement for 20260101 Cardholder Agreement (Groundwork). The filing runs 26 pages, and It is issued on the Visa network.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

Note that the purchase APR row in this table carries no explicit label in the filing, which introduces some ambiguity about what it covers.

How the purchase rate compares

Purchases price between 12.74% and 27.74% under this filing. The 15-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Read against the index, the low end ranks around the 21st percentile and the high end around the 67th — the band straddles a wide stretch of the market this corpus describes.

Translating the rate into money

The purchase rate turns a $2,000 revolving balance into roughly $639 of annual interest.

Against the corpus median of 21.99%, that is approximately $147 a year of extra interest on the same $2,000.

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

Holding the card costs $50 a year before any transaction takes place — about the 88th percentile among agreements in this index that state a fee.

One way to size that fee: at the card's own purchase rate of 27.74%, $50 is roughly the interest a balance of about $180 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

Taking cash against the card means a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 29.99%. That is 2.25 points above the purchase rate. Advances under roughly $167 are charged the flat $5; larger ones are charged 3%.

The transfer fee is $5 or 3% of the amount transferred, whichever is greater; transferred balances then run at 29.99%. Transferring $1,000 would cost roughly $30 at the door.

Spending abroad costs an extra 1.5% — about $75 on $5,000 of purchases, independent of interest.

Default pricing

If the account defaults, the filing permits a rate of 29.99%. Among disclosing agreements here that ranks near the 61st percentile.

The jump from 27.74% to 29.99% is 2.25 percentage points, worth roughly $60 extra per year on $2,000 of balance.

Late payments are capped at $35 under this filing, about the 54th percentile of late fee maximums in the corpus.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

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

How it sits in the issuer's own range

10 separate Mrv Banks filings appear in the corpus. Their disclosed purchase rates run from 18% to 35.99%, and this one at 27.74% is more expensive than 4 of them.

Among the issuer's other filings that disclose a fee, 2 of 7 come in below this card's $50.

The limits of this document

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.

Go to the source

Everything here is a reading of the filed agreement, 26 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

27.74% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The $50 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.