ScotiaLine Gold (Cash Secured) Credit Card Agreement and Disclosure

ScotiaLine Gold (Cash Secured) Credit Card Agreement and Disclosure, as filed by Oriental Bank - Hato Rey - Pinero Branch, carries a 6% purchase APR, a $75 annual fee and a 1.99% introductory rate. The purchase rate sits at roughly the 2nd percentile of the 4,587 agreements indexed here.

What the document actually states

Oriental Bank - Hato Rey - Pinero Branch filed this agreement for ScotiaLine Gold (Cash Secured) Credit Card Agreement and Disclosure with the Consumer Financial Protection Bureau. The filing runs seven pages, and It is issued on the Mastercard network.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

The purchase rate was taken from a row the filing did not clearly label, so there is some risk it describes a different balance type.

Introductory pricing

An introductory rate of 1.99% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 1.99% sits at about the 66th percentile.

Once the introductory period ends the rate becomes 6%, which turns a lingering $1,000 balance into approximately $62 of annual interest.

Pricing the purchase rate

The purchase APR of 6% places this agreement around the 2nd percentile of the set — it sits in the bottom few percent of everything filed.

What a balance actually costs

A $2,000 balance left untouched for twelve months accrues about $124 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $492 in a year — so this agreement comes in around $368 cheaper for the same debt.

Broken down to a single thirty-day cycle, the same balance accrues roughly $9.89.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Charges beyond interest

The annual fee is $75, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 90th percentile.

Transfers are charged a flat $0, though no distinct transfer APR appears in the document.

Default pricing

On the fee side, a late payment can cost up to $30, which is around the 49th percentile here.

Paying in full

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.

What is outside the disclosure

The disclosure parsed here does not state anything about cash advances, a foreign transaction fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

How it sits in the issuer's own range

Oriental Bank - Hato Rey - Pinero Branch has 10 agreements indexed on this site. The others all file the same 6% purchase rate. Whatever separates these products, it is not the cost of borrowing.

Where the authority sits

This summary stands or falls on the linked PDF — seven pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 6% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. Against that sits the $75 annual fee, which is unavoidable once the account is open.