Card Disclosure

Card Disclosure 138, as filed by TIB, National Association, carries a 14.9% purchase APR and no annual fee. The purchase rate sits at roughly the 14th percentile of the 4,587 agreements indexed here.

On the face of the filing

The document behind this page is TIB, National Association's filed agreement for Card Disclosure 138. The filing runs four pages.

The filing is explicit about a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. It is silent on a balance transfer rate, a penalty rate and a foreign transaction fee.

Pricing the purchase rate

Measured against every other filing on the site, 14.9% is about the 14th percentile for purchase APR; it falls in the low band of the corpus.

The cost of carrying a balance

Put $2,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $402.

The corpus median purchase rate is 21.99%, which on the same $2,500 would cost about $615 a year. This filing saves roughly $213 annually against that benchmark.

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

Grace period and minimum charge

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

Penalty pricing and late fees

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

The fee structure

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.

Cash advances carry a cash advance APR of 14.9%.

How it sits in the issuer's own range

TIB, National Association has 52 agreements indexed on this site. Their disclosed purchase rates run from 9.25% to 17.49%, and this one at 14.9% is more expensive than 15 of them.

The limits of this document

The disclosure parsed here does not state balance transfer terms, a foreign transaction fee 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.

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.

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

14.9% places this filing at the inexpensive end of the set, which is the headline here.