Card Disclosure

On the record for Card Disclosure 134: a 12.49% purchase APR, no annual fee, a 2.9% introductory rate and a 21% penalty rate, filed by TIB, National Association. The purchase rate sits at roughly the 9th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

TIB, National Association submitted the terms for Card Disclosure 134 to the CFPB's agreement database; this is what they contain. The filing runs four pages.

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

The promotional period

For the first six months the filing sets a reduced rate of 2.9%. Balances still cost something during that window.

Among the 763 filings here that disclose an introductory rate, 2.9% sits at about the 73rd percentile.

What matters more than the promotion is the rate waiting behind it: 12.49%. A $2,000 balance that survives the promotional window costs roughly $266 a year from that point on.

The purchase APR against the corpus

Ranked against the corpus, this purchase APR — 12.49% — sits at approximately the 9th percentile and falls in the low band of the corpus.

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.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The arithmetic of revolving

At the disclosed purchase APR, $5,000 revolving for a full year costs something like $665 in interest.

Priced at the median of 21.99%, that balance would generate about $1,229 in a year — so this agreement comes in around $564 cheaper for the same debt.

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

The downside terms

A penalty APR of 21% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 29th percentile.

A default therefore reprices the debt by 8.51 points: about $101 a year more on $1,000, for as long as the penalty rate stands.

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

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.

The filing discloses a 12.49% balance transfer rate without an accompanying fee figure.

Paying in full

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

Against the rest of TIB, National Association's filings

TIB, National Association has 52 agreements indexed on this site. Across that lineup purchase rates span 9.25% to 17.49%; this filing's 12.49% sits above 10 of the comparable ones.

On fees, 10 of the 45 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What the filing does not tell you

This page cannot tell you anything about cash advances and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Where the authority sits

The filed PDF is linked from this page and runs four pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 12.49% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.