Rewards Card Application Disclosures and Agreement

Village Bank and Trust Financial's filed agreement for Rewards Card Application Disclosures and Agreement discloses a purchase APR of 14.74%–17.74% and no annual fee. The purchase rate sits at roughly the 23rd percentile of the 4,587 agreements indexed here.

On the face of the filing

The document behind this page is Village Bank and Trust Financial's filed agreement for Rewards Card Application Disclosures and Agreement. The filing runs 12 pages.

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

The purchase rate in context

Rather than a single purchase rate, the document gives a band — 14.74% at the bottom, 17.74% at the top, 3 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 31st percentile of filed purchase rates; the ceiling sits at about the 23rd. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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 cost of carrying a balance

The purchase rate turns a $3,000 revolving balance into roughly $582 of annual interest.

Priced at the median of 21.99%, that balance would generate about $738 in a year — so this agreement comes in around $155 cheaper for the same debt.

Per statement cycle that is on the order of $44.05 on $3,000, which is the number that actually shows up on a bill.

There is also a floor: the filing sets a minimum interest charge of $2, so any cycle that accrues less than that is billed at $2 anyway.

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 no-interest path

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $2. On a tiny balance that floor can dwarf the rate itself.

Default pricing

On the fee side, a late payment can cost up to $27, which is around the 45th percentile here.

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 fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 14.74%. Advances under roughly $333 are charged the flat $10; larger ones are charged 3%.

The filing discloses a 14.74% balance transfer rate without an accompanying fee figure.

The filing sets a 2% foreign transaction fee, which adds roughly $100 to $5,000 spent outside the United States.

What the filing does not tell you

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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, 12 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

17.74% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.