047808B UMB Visa Pricing Addendum CFPB Fixed APR

047808B UMB Visa Pricing Addendum CFPB Fixed APR, as filed by UMB Financial, carries a 18% purchase APR and no annual fee. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

What the document actually states

What follows is drawn entirely from UMB Financial's CFPB filing for 047808B UMB Visa Pricing Addendum CFPB Fixed APR. It is issued on the Visa network and the filing runs one page.

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

How the purchase rate compares

At 18%, the purchase APR falls at roughly the 34th percentile of the 2,280 filings indexed here, which is on the cheaper side of the median.

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.

Translating the rate into money

A $3,000 balance left untouched for twelve months accrues about $591 in interest at this purchase rate.

Measured against the 21.99% corpus median, the same $3,000 costs approximately $146 less per year here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $44.70.

There is also a floor: the filing sets a minimum interest charge of $0.50, so any cycle that accrues less than that is billed at $0.50 anyway.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Fees, and what triggers them

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.

For cash advances the filing discloses a cash advance fee of $50 and a cash advance APR of 32%. The premium over purchases is 14 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.

Foreign transactions attract 2%. On $5,000 of overseas spending that is $100, charged on top of whatever exchange rate applies.

Paying in full

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. With a corpus median of 25 days, this window is narrower than the norm.

A minimum interest charge of $0.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

The limits of this document

Absent from the captured terms: balance transfer terms and penalty pricing. The original document is the place to look for any of these.

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.

Against the rest of UMB Financial's filings

This is one of 12 UMB Financial agreements collected here. The issuer's own range is 18%–32%. At 18%, this agreement is dearer than 0 of its siblings.

3 of the issuer's other 4 disclosing filings are likewise fee-free.

The document itself

Everything here is a reading of the filed agreement, one page of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

18% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.