Atlanticus Imagine Cardholder Agreement

The Atlanticus Imagine Cardholder Agreement 03 01 2023 filing from Webbank sets out a 36% purchase APR and a $100 annual fee. The purchase rate sits at roughly the 99th percentile of the 4,587 agreements indexed here.

What this filing discloses

Webbank filed this agreement for Atlanticus Imagine Cardholder Agreement 03 01 2023 with the Consumer Financial Protection Bureau. The filing runs 41 pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a grace period. It is silent on a penalty rate, a late payment maximum and a foreign transaction fee.

How the purchase rate compares

Set beside the rest of the index, the purchase APR of 36% lands at the 99th percentile; it is at the extreme upper end of the corpus.

What a balance actually costs

Put $5,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $2,165.

On a median-priced agreement from this index (21.99%) the same $5,000 would run about $1,229 a year, so this card costs in the region of $936 more annually for the identical balance.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Fees, and what triggers them

Holding the card costs $100 a year before any transaction takes place — about the 94th percentile among agreements in this index that state a fee.

One way to size that fee: at the card's own purchase rate of 36%, $100 is roughly the interest a balance of about $278 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

Taking cash against the card means a cash advance APR of 36%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 36% balance transfer rate without an accompanying fee figure.

The downside terms

No penalty APR appears in this filing by design — the document says there is none, which removes the single largest cost of a missed payment in most agreements here.

Paying in full

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

What is outside the disclosure

Absent from the captured terms: a foreign transaction fee. 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.

The document exceeded the page limit used when the corpus was built; its later pages are unexamined here.

How it sits in the issuer's own range

This is one of 23 Webbank agreements collected here. Their disclosed purchase rates run from 19.99% to 35.99%, and this one at 36% is more expensive than 14 of them.

Its $100 annual fee is higher than 12 of the 12 sibling filings that state one.

Go to the source

The original filing, 41 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

36% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index. Note that the $100 annual fee falls due whether the card is used or not.