Card Disclosure

The Card Disclosure 168 filing from TIB, National Association sets out a 14.9% purchase APR and a $35 annual fee. The purchase rate sits at roughly the 14th percentile of the 4,587 agreements indexed here.

The disclosed terms

Card Disclosure 168 is one of the agreements TIB, National Association has on file with the CFPB. The filing runs four pages.

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

The purchase rate in context

Ranked against the corpus, this purchase APR — 14.9% — sits at approximately the 14th percentile and sits well down in the cheaper fifth of the set.

The arithmetic of revolving

A $3,000 balance left untouched for twelve months accrues about $482 in interest at this purchase rate.

A typical filing in this index would charge about $738 on that balance; this one is roughly $256 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.

The fee structure

The annual fee is $35, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 82nd percentile.

Expressed in the card's own terms, the $35 fee equals about a year's interest on a $235 balance at the disclosed 14.9% purchase rate.

Year one is free of the fee per the filing; $35 applies thereafter.

For cash advances the filing discloses a cash advance APR of 14.9%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Transfers are charged $10 or 3% of the amount transferred, whichever is greater, though no distinct transfer APR appears in the document. On $3,000 that fee is about $90 before any interest is charged.

What a missed payment costs

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

Grace period and minimum charge

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

How it sits in the issuer's own range

52 separate TIB, National Association filings appear in the corpus. Their disclosed purchase rates run from 9.25% to 17.49%, and this one at 14.9% is more expensive than 15 of them.

Its $35 annual fee is higher than 11 of the 45 sibling filings that state one.

What is outside the disclosure

Absent from the captured 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.

The document itself

The original filing, 4 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

14.9% 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.