One Key Mastercard Account Agreement

Wells Fargo Bank's filed agreement for One Key Mastercard Account Agreement discloses a 11.74% purchase APR and no annual fee. That purchase rate ranks near the 7th percentile across this corpus of 4,587 filings.

The disclosed terms

This page covers the agreement Wells Fargo Bank filed for One Key Mastercard Account Agreement. The filing runs 22 pages, and It is issued on the Mastercard network.

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

How the purchase rate compares

The purchase APR of 11.74% places this agreement around the 7th percentile of the set — it reads as inexpensive against the rest of the filings.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The arithmetic of revolving

Carry $1,500 on this card for a year without paying it down and the purchase rate alone generates roughly $187 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,500 would cost about $369 a year. This filing saves roughly $182 annually against that benchmark.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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

Charges beyond interest

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Taking cash against the card means a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 21.74%. Cash is therefore 10 points dearer than buying something with the card. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Balance transfers cost 5% of the amount transferred up front and then accrue at 21.74%. On $1,000 that fee is about $50 before any interest is charged.

The foreign transaction fee is zero — a minority position in this corpus, where roughly 22% of disclosing filings waive it.

Penalty pricing and late fees

$40 is the disclosed ceiling on a late payment fee, placing it near the 72nd percentile of the set.

Paying in full

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

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

Inside Wells Fargo Bank's filed lineup

This is one of 28 Wells Fargo Bank agreements collected here. Their disclosed purchase rates run from 9.74% to 28.99%, and this one at 11.74% is more expensive than 1 of them.

8 of the issuer's other 13 disclosing filings are likewise fee-free.

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.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Reading the agreement yourself

Everything here is a reading of the filed agreement, 22 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 11.74% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.