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. Against the 4,587 filings on this site, that rate lands around the 64th percentile.

What this filing discloses

TCM Bank submitted the terms for TCM Disclosures 033126 to the CFPB's agreement database; this is what they contain. The filing runs 41 pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate and a foreign transaction fee.

Zero percent, and then what

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.

The go-to rate is 26.74%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $919 a year on $3,000.

Put the other way round, the 12-month zero rate is worth roughly $919 on a $3,000 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

Where the purchase APR sits

Rather than a single purchase rate, the document gives a band — 16.74% at the bottom, 26.74% at the top, 10 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Those two numbers occupy very different places in the corpus: roughly the 42nd percentile at the bottom and the 64th at the top.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

Translating the rate into money

Put $1,200 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $368.

Against the corpus median of 21.99%, that is approximately $73 a year of extra interest on the same $1,200.

Per statement cycle that is on the order of $26.66 on $1,200, which is the number that actually shows up on a bill.

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.

Fees, and what triggers them

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 APR of 26.74%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

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

Grace period and minimum charge

Purchases carry a 23-day grace period: pay the statement in full inside it and the purchase rate never applies. That is shorter than the 25-day corpus median.

What a missed payment costs

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

Inside TCM Bank's filed lineup

There are 4 filings from TCM Bank in this index.

What the filing does not tell you

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

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

This filing was also long enough to be truncated during processing, so later pages of the agreement were not read at all.

Reading the agreement yourself

This summary stands or falls on the linked PDF — 41 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

26.74% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The absence of an annual fee means the rate is the only thing that can make this card expensive.