Mutual of Omaha Bank Consumer MasterCard Terms and Conditions

On the record for Mutual of Omaha Bank Consumer MasterCard Terms and Conditions: a purchase APR of 11.49%–22.49% and no annual fee, filed by AMC Fs. The purchase rate sits at roughly the 51st percentile of the 4,587 agreements indexed here.

The disclosed terms

The document behind this page is AMC Fs's filed agreement for Mutual of Omaha Bank Consumer MasterCard Terms and Conditions. It is issued on the Mastercard network and the filing runs four pages.

Terms captured from the document include 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 — 11.49% at the bottom, 22.49% at the top, 11 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Those two numbers occupy very different places in the corpus: roughly the 15th percentile at the bottom and the 51st at the top.

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.

What a balance actually costs

Put $1,200 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $303.

On a median-priced agreement from this index (21.99%) the same $1,200 would run about $295 a year, so this card costs in the region of $7 more annually for the identical balance.

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

What a missed payment costs

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

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.

For cash advances the filing discloses a cash advance fee of $10 or 4% of the advance, whichever is greater and a cash advance APR of 22.49%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 6.74% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 3% — about $30 on $1,000 of purchases, independent of interest.

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

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.

Against the rest of AMC Fs's filings

There are 12 filings from AMC Fs in this index. Their disclosed purchase rates run from 21.49% to 22.49%, and this one at 22.49% is more expensive than 1 of them.

2 of the issuer's other 5 disclosing filings are likewise fee-free.

What you cannot learn from the filing

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.

Go to the source

Everything here is a reading of the filed agreement, four 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 22.49% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The absence of an annual fee means the rate is the only thing that can make this card expensive.