Card Disclosure

The Card Disclosure 140 filing from TIB, National Association sets out a 11.5% purchase APR, a $35 annual fee and a 21% penalty rate. Against the 4,587 filings on this site, that rate lands around the 7th percentile.

What the document actually states

TIB, National Association submitted the terms for Card Disclosure 140 to the CFPB's agreement database; this is what they contain. The filing runs four pages.

On the record here: a purchase rate, a cash advance rate, a penalty rate, an annual fee line and a late payment maximum. No figure appears for a balance transfer rate and a foreign transaction fee.

Pricing the purchase rate

Measured against every other filing on the site, 11.5% is about the 7th percentile for purchase APR; it reads as inexpensive against the rest of the filings.

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.

The cost of carrying a balance

The purchase rate turns a $3,000 revolving balance into roughly $366 of annual interest.

Measured against the 21.99% corpus median, the same $3,000 costs approximately $372 less per year here.

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.

Charges beyond interest

Holding the card costs $35 a year before any transaction takes place — about the 82nd percentile among agreements in this index that state a fee.

One way to size that fee: at the card's own purchase rate of 11.5%, $35 is roughly the interest a balance of about $304 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

Cash advances carry a cash advance APR of 13.5%. The premium over purchases is 2 percentage points. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The downside terms

If the account defaults, the filing permits a rate of 21%. Among disclosing agreements here that ranks near the 29th percentile.

Measured in money, moving from 11.5% to 21% costs an extra $279 or so annually on $2,500 — a far larger number than any single late fee.

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The grace period

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

The issuer's other agreements

52 separate TIB, National Association filings appear in the corpus. Across that lineup purchase rates span 9.25% to 17.49%; this filing's 11.5% sits above 8 of the comparable ones.

What the filing does not tell you

This page cannot tell you balance transfer terms and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

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.

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

11.5% places this filing at the inexpensive end of the set, which is the headline here. Against that sits the $35 annual fee, which is unavoidable once the account is open.