Credit Card Application, Terms and Conditions

Credit Card Application, Terms and Conditions, as filed by People'S Bank of Commerce, carries a purchase APR of 11.49%–22.49% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 51st percentile.

On the face of the filing

What follows is drawn entirely from People'S Bank of Commerce's CFPB filing for Credit Card Application, Terms and Conditions. The filing runs two 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 and a foreign transaction fee. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

The purchase APR against the corpus

Rather than a single purchase rate, the document gives a band — 11.49% at the bottom, 22.49% at the top, 11 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 15th percentile of filed purchase rates; the ceiling sits at about the 51st. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

The arithmetic of revolving

The purchase rate turns a $5,000 revolving balance into roughly $1,261 of annual interest.

On a median-priced agreement from this index (21.99%) the same $5,000 would run about $1,229 a year, so this card costs in the region of $31 more annually for the identical balance.

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

The fee structure

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.

Taking cash against the card means a cash advance fee of $25.

Foreign transactions attract 1%. On $3,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

What a missed payment costs

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

The no-interest path

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

What the filing does not tell you

This page cannot tell you balance transfer terms, a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Where the authority sits

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

In short

The pricing here is middling by the standards of the index — 22.49% on purchases is near enough to typical.