Before you read the numbers.
The only purchase rate this filing states is a promotional one. The rate that applies after the promotional period is not disclosed in this document, and it is the more important of the two.
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.
| Introductory APR | 2.9% |
|---|---|
| Balance transfer APR | 2.9% |
| Cash advance APR | 2.9% |
| Annual fee | $0 |
| Late payment fee | up to $29 |
| Foreign transaction fee | None |
| Cash advance fee | 2% of the amount of each |
| Balance transfer fee | 2% of the amount of each |
| Grace period | 25 days |
| Minimum interest charge | $0 |
| Network | Mastercard |
Analysis
On the record for Platinum Premier Rate Mastercard Pricing Terms: no annual fee and a 2.9% introductory rate, filed by Randolph-Brooks Federal Credit Union.
The disclosed terms
The document behind this page is Randolph-Brooks Federal Credit Union's filed agreement for Platinum Premier Rate Mastercard Pricing Terms. It is issued on the Mastercard network and the filing runs seven pages.
The disclosure covers a cash advance rate, a balance transfer rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a purchase rate and a penalty rate.
Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.
What the promotional rate is worth
The filing discloses an introductory rate of 2.9% but no term for it.
Among the 763 filings here that disclose an introductory rate, 2.9% sits at about the 73rd percentile.
The filing captures the promotional rate but not the rate that replaces it. That is the more important of the two numbers, and it is not on this page — the agreement itself has to be read for it.
Charges beyond interest
No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.
For cash advances the filing discloses a cash advance fee of 2% and a cash advance APR of 2.9%. 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.
Balance transfers cost 2% of the amount transferred up front and then accrue at 2.9%. Shifting $7,500 across attracts something like $150 in fees on day one.
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 $29 under this filing, about the 47th percentile of late fee maximums in the corpus.
The no-interest path
The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.
The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.
What is outside the disclosure
The disclosure parsed here does not state a purchase rate 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.
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.
Reading the agreement yourself
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
Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.
The source document
This page is a reading of one document: the cardholder agreement Randolph-Brooks Federal Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Randolph-Brooks Federal Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Randolph-Brooks Federal Credit Union
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World Cash Back Mastercard Pricing Terms
Agreement filed with the CFPB
- Annual fee
- $0
- Intro APR
- 2.9%
- Foreign tx fee
- None
Where this card sits
Groups this agreement qualifies for, by its own disclosed terms:
Comparable cards from other issuers
Closest disclosed purchase APR among cards in the same groups.