Darvin Furniture

On the record for Darvin Furniture: a 29.99% purchase APR and no annual fee, filed by TD Bank. The purchase rate sits at roughly the 74th percentile of the 4,587 agreements indexed here.

The disclosed terms

TD Bank submitted the terms for Darvin Furniture to the CFPB's agreement database; this is what they contain. The filing runs four pages.

The disclosure covers a purchase rate, an annual fee line and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

How the purchase rate compares

Ranked against the corpus, this purchase APR — 29.99% — sits at approximately the 74th percentile and sits in the more expensive half.

The cost of carrying a balance

At the disclosed purchase APR, $1,200 revolving for a full year costs something like $419 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $295. The gap — roughly $124 a year on $1,200 — is the price of this particular filing over a typical one.

Month to month it reads as about $29.93 per cycle on that balance.

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

Fees, and what triggers them

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.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

Inside TD Bank's filed lineup

39 separate TD Bank filings appear in the corpus. Their disclosed purchase rates run from 16.74% to 29.99%, and this one at 29.99% is more expensive than 6 of them.

What is outside the disclosure

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

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.

Go to the source

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

In short

29.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.