Marriott Bonvoy American Express Card Cardmember Agreement

The Marriott Bonvoy American Express Card Cardmember Agreement filing quotes margins over Prime instead of finished rates. What that leaves knowable — and what it does not — is the subject of this analysis.

The disclosed terms

American Express National Bank filed this agreement for Marriott Bonvoy American Express Card Cardmember Agreement with the Consumer Financial Protection Bureau. The filing runs 12 pages, and It is issued on the Amex network.

On the record here: a penalty rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. A purchase rate, a cash advance rate and a balance transfer rate are not stated.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

A margin over Prime, not a rate

What this agreement discloses is a set of margins added to the Prime Rate. Until Prime is supplied, none of these figures is an APR, and this page will not treat them as one.

As read from the document: 26.74 points for penalty pricing.

This structure makes the card impossible to price from the filing in isolation — and deliberately so. The rate is whatever Prime is when the statement closes, plus the margin above.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

The downside terms

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

Charges beyond interest

$95 a year is the disclosed annual fee, which ranks near the 92nd percentile of the fees filed across this corpus.

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater.

Foreign transactions carry no fee. Only about 22% of the filings here that disclose a foreign transaction fee set it at zero, so this is a genuine point of difference.

Paying in full

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

Inside American Express National Bank's filed lineup

25 separate American Express National Bank filings appear in the corpus.

Among the issuer's other filings that disclose a fee, 7 of 24 come in below this card's $95.

What is outside the disclosure

This page cannot tell you a purchase rate and balance transfer terms, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

The original filing, 12 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

Margins over Prime make this agreement legible but not priceable from the document alone. Treat the figures above as structure, and look up the current Prime Rate before drawing conclusions.