UnSecured Credit Card Account Opening Disclosure and Agreement 9 99%

UnSecured Credit Card Account Opening Disclosure and Agreement 9 99%, as filed by Academy Bank, carries a 9.99% purchase APR, no annual fee and a 24.99% penalty rate. Against the 4,587 filings on this site, that rate lands around the 5th percentile.

The disclosed terms

The document behind this page is Academy Bank's filed agreement for UnSecured Credit Card Account Opening Disclosure and Agreement 9 99%. The filing runs eight pages.

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

How the purchase rate compares

9.99% puts the purchase APR near the 5th percentile across 2,280 agreements, so it is comfortably below what most issuers filed.

Translating the rate into money

The purchase rate turns a $1,200 revolving balance into roughly $126 of annual interest.

Measured against the 21.99% corpus median, the same $1,200 costs approximately $169 less per year here.

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.

Charges beyond interest

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.

Taking cash against the card means a cash advance fee of $100 or 2% of the advance, whichever is greater and a cash advance APR of 9.99%. The two halves of that fee cross at about $5,000: below it the flat $100 applies, above it the percentage does. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 9.99% balance transfer rate without an accompanying fee figure.

When a payment is late

A penalty APR of 24.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 47th percentile.

Measured in money, moving from 9.99% to 24.99% costs an extra $179 or so annually on $1,000 — a far larger number than any single late fee.

On the fee side, a late payment can cost up to $15, which is around the 11th percentile here.

Inside Academy Bank's filed lineup

3 separate Academy Bank filings appear in the corpus. The issuer's own range is 15.6%–20.99%. At 9.99%, this agreement is dearer than 0 of its siblings.

The limits of this document

The disclosure parsed here does not state a foreign transaction fee and a grace period. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Where the authority sits

This summary stands or falls on the linked PDF — eight pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The purchase rate of 9.99% is one of the cheaper figures in this index — the central point in the agreement's favour.