Card Disclosure

The Card Disclosure 162 filing from TIB, National Association sets out a 16.74% purchase APR, a $35 annual fee, a 5.9% introductory rate and a 21% penalty rate. Against the 4,587 filings on this site, that rate lands around the 19th percentile.

What the agreement puts on the record

TIB, National Association filed this agreement for Card Disclosure 162 with the Consumer Financial Protection Bureau. The filing runs four pages.

The filing is explicit about 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.

What the promotional rate is worth

The introductory rate is 5.9%, held for six months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 5.9% sits at about the 88th percentile.

The go-to rate is 16.74%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $911 a year on $5,000.

How the purchase rate compares

Ranked against the corpus, this purchase APR — 16.74% — sits at approximately the 19th percentile and is comfortably below what most issuers filed.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

What a balance actually costs

The purchase rate turns a $2,500 revolving balance into roughly $455 of annual interest.

A typical filing in this index would charge about $615 on that balance; this one is roughly $159 a year below it.

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.

Default pricing

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

A default therefore reprices the debt by 4.26 points: about $103 a year more on $2,000, for as long as the penalty rate stands.

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

Fees, and what triggers them

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.

For scale, $35 is approximately what $209 of revolving balance would cost in interest over twelve months at this card's 16.74% rate.

The filing states the fee is waived for the first year, so the $35 is a second-year cost rather than an immediate one.

Balance transfers cost $10 or 3% of the amount transferred, whichever is greater up front and then accrue at 16.74%. Transferring $3,000 would cost roughly $90 at the door.

Grace period and minimum charge

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

Against the rest of TIB, National Association's filings

There are 52 filings from TIB, National Association in this index. Their disclosed purchase rates run from 9.25% to 17.49%, and this one at 16.74% is more expensive than 28 of them.

What you cannot learn from the filing

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.

Go to the source

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 16.74% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. Note that the $35 annual fee falls due whether the card is used or not.