TCM Disclosures

On the record for TCM Disclosures 033126: a purchase APR of 16.74%–26.74%, no annual fee and a 12-month 0% opening period, filed by TCM Bank. The purchase rate sits at roughly the 64th percentile of the 4,587 agreements indexed here.

What this filing discloses

What follows is drawn entirely from TCM Bank's CFPB filing for TCM Disclosures 033126. The filing runs 41 pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate and a foreign transaction fee.

The promotional period

The filing discloses a 0% introductory rate running 12 months. For that window, balances covered by the promotion accrue no interest at all.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

What matters more than the promotion is the rate waiting behind it: 26.74%. A $5,000 balance that survives the promotional window costs roughly $1,532 a year from that point on.

Valued honestly, 12 months at zero on $5,000 avoids about $1,532 of interest compared with the go-to rate — the whole of what the promotion delivers.

Where the purchase APR sits

This is a tiered agreement: the filing discloses a purchase APR anywhere from 16.74% to 26.74%, a spread of 10 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 42nd percentile of filed purchase rates; the ceiling sits at about the 64th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

The cost of carrying a balance

The purchase rate turns a $3,000 revolving balance into roughly $919 of annual interest.

On a median-priced agreement from this index (21.99%) the same $3,000 would run about $738 a year, so this card costs in the region of $182 more annually for the identical balance.

Per statement cycle that is on the order of $66.64 on $3,000, which is the number that actually shows up on a bill.

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.

The no-interest path

Anyone clearing the statement balance inside 23 days pays no purchase interest at all under this filing. The typical filing here allows 25 days, so this one is tighter than most.

Penalty pricing and late fees

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

Fees, and what triggers them

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Taking cash against the card means a cash advance APR of 26.74%.

The filing discloses a 26.74% balance transfer rate without an accompanying fee figure.

The issuer's other agreements

TCM Bank has 4 agreements indexed on this site.

The limits of this document

Absent from the captured terms: a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

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.

The document exceeded the page limit used when the corpus was built; its later pages are unexamined here.

Go to the source

Everything here is a reading of the filed agreement, 41 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

26.74% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.