Before you read the numbers.
The annual fee is disclosed as waived for the first year. The recurring fee from year two is the number that matters over the life of the account.
Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Purchase APR | 35.99% |
|---|---|
| Cash advance APR | 35.99% |
| Annual fee | $125 |
| Late payment fee | up to $41 |
| Grace period | 21 days |
| Minimum interest charge | $1 |
Analysis
These Pricing Disclosures are part of the Cardholder Agreement., as filed by Mrv Banks, carries a 35.99% purchase APR and a $125 annual fee. Against the 4,587 filings on this site, that rate lands around the 97th percentile.
The disclosed terms
This page covers the agreement Mrv Banks filed for These Pricing Disclosures are part of the Cardholder Agreement.. The filing runs 15 pages.
Terms captured from the document include a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. It is silent on a balance transfer rate, a penalty rate and a foreign transaction fee.
Where the purchase APR sits
Ranked against the corpus, this purchase APR — 35.99% — sits at approximately the 97th percentile and is at the extreme upper end of the corpus.
What a balance actually costs
A $5,000 balance left untouched for twelve months accrues about $2,165 in interest at this purchase rate.
A card priced at the corpus median of 21.99% would charge roughly $1,229 on that balance. This one charges about $935 more per year.
Month to month it reads as about $150.04 per cycle on that balance.
These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.
Charges beyond interest
$125 a year is the disclosed annual fee, which ranks near the 95th percentile of the fees filed across this corpus.
A first-year waiver applies according to the document — the $125 begins biting in year two.
For cash advances the filing discloses a cash advance APR of 35.99%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.
Default pricing
Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.
The no-interest path
21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. The typical filing here allows 25 days, so this one is tighter than most.
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
This is one of 10 Mrv Banks agreements collected here. The issuer's own range is 18%–35.99%. At 35.99%, this agreement is dearer than 6 of its siblings.
Its $125 annual fee is higher than 7 of the 7 sibling filings that state one.
What you cannot learn from the filing
Absent from the captured terms: balance transfer terms, a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.
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.
Go to the source
Everything here is a reading of the filed agreement, 15 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.
In short
This is an expensive agreement by the standards of the corpus, driven by a 35.99% purchase rate that is inert for a transactor and punishing for a revolver. Note that the $125 annual fee falls due whether the card is used or not.
The source document
This page is a reading of one document: the cardholder agreement Mrv Banks filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Mrv Banks, not by us. We do not take applications and cannot say whether you would be approved.
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Agreement filed with the CFPB
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Cardholder Agreement Builder (Groundwork)
Agreement filed with the CFPB
- Purchase APR
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- Annual fee
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