Arvest Cobalt℠ Visa Signature® Credit Card Cardholder Agreement Arvest Bank

The 0226 Arvest CobaltΓäá Visa Signature┬« Credit Card Cardholder Agreement Arvest Bank filing from Arvest Bank sets out a purchase APR of 18.24%–24.99%, no annual fee and a 0% opening rate. That purchase rate ranks near the 60th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

The document behind this page is Arvest Bank's filed agreement for 0226 Arvest Cobalt℠ Visa Signature® Credit Card Cardholder Agreement Arvest Bank. The filing runs 14 pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

Zero percent, and then what

A 0% promotional rate appears in the document without an accompanying term — the length of the window is not captured.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Once the introductory period ends the rate becomes 24.99%, which turns a lingering $5,000 balance into approximately $1,419 of annual interest.

The purchase rate in context

This is a tiered agreement: the filing discloses a purchase APR anywhere from 18.24% to 24.99%, a spread of 6.75 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Those two numbers occupy very different places in the corpus: roughly the 57th percentile at the bottom and the 60th at the top.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

Translating the rate into money

The purchase rate turns a $5,000 revolving balance into roughly $1,419 of annual interest.

Against the corpus median of 21.99%, that is approximately $190 a year of extra interest on the same $5,000.

Broken down to a single thirty-day cycle, the same balance accrues roughly $103.72.

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.

The fee structure

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 $4 or 4% of the advance, whichever is greater. $100 is the crossover point where the percentage overtakes the $4 minimum.

A balance transfer costs $10 or 3% of the amount transferred, whichever is greater up front. The filing does not separately state the rate applied to transferred balances. Transferring $2,000 would cost roughly $60 at the door.

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.

The downside terms

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

Grace period and minimum charge

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

The issuer's other agreements

This is one of 3 Arvest Bank agreements collected here.

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.

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.

The document itself

The filed PDF is linked from this page and runs 14 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 24.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.