disclosures fed box credit card 4

Washington Trust Bank's filed agreement for disclosures fed box credit card 4 2022 discloses a 0% purchase APR, no annual fee, a six-month 0% opening period and a 19.49% penalty rate. Against the 4,587 filings on this site, that rate lands around the 1st percentile.

What the document actually states

Washington Trust Bank submitted the terms for disclosures fed box credit card 4 2022 to the CFPB's agreement database; this is what they contain. The filing runs one page, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

What the promotional rate is worth

This agreement opens at 0% for six months, the only period in the document where carrying a balance is free.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

The go-to rate is 0%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $0 a year on $3,000.

How the purchase rate compares

Ranked against the corpus, this purchase APR — 0% — sits at approximately the 1st percentile and is lower than almost every other agreement here.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

What a balance actually costs

The purchase rate turns a $2,000 revolving balance into roughly $0 of annual interest.

Measured against the 21.99% corpus median, the same $2,000 costs approximately $492 less per year here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $0.

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

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Cash advances carry a cash advance fee of 4% and a cash advance APR of 13.49%. That is 13.49 points above the purchase rate.

Balance transfers cost 4% of the amount transferred up front and then accrue at 11.49%. Transferring $5,000 would cost roughly $200 at the door.

Spending abroad costs an extra 3% — about $60 on $2,000 of purchases, independent of interest.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

Penalty pricing and late fees

The agreement discloses penalty pricing of 19.49% — about the 25th percentile of the 794 penalty rates recorded across this index.

The jump from 0% to 19.49% is 19.49 percentage points, worth roughly $430 extra per year on $2,000 of balance.

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

Against the rest of Washington Trust Bank's filings

This is one of 6 Washington Trust Bank agreements collected here. The others all file the same 0% purchase rate. Whatever separates these products, it is not the cost of borrowing.

What the filing does not tell you

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 one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 0% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.