Agreements as filed with the CFPB. Not an offer of credit. How we read them
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Bank of America

Atmos Rewards Ascent Visa Signature English

What this agreement does and does not disclose, and why that gap matters when you are comparing what a card costs.

Before you read the numbers.

This agreement prices the card as the Prime Rate plus a margin rather than as a fixed APR. The figure shown is that margin in percentage points, not an APR. The rate actually charged moves whenever Prime moves, so the cost of carrying a balance changes without the issuer amending the agreement.

Disclosed rates and fees

Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.

Terms as disclosed in the filed agreement for Atmos Rewards Ascent Visa Signature English
Penalty APR29.99%
Late payment feeup to $41
Cash advance fee5% % of Transaction Same-Day Online
Grace period25 days
NetworkVisa

Analysis

Bank of America prices Atmos Rewards Ascent Visa Signature English as a margin over the Prime Rate rather than as a fixed APR, so the filing discloses the spread but not the cost. This page explains what that means and sets the other disclosed terms against the corpus.

What this filing discloses

The document behind this page is Bank of America's filed agreement for Atmos Rewards Ascent Visa Signature English. The filing runs 11 pages, and It is issued on the Visa network.

The disclosure covers a penalty rate, a late payment maximum and a grace period. A purchase rate, a cash advance rate and a balance transfer rate are not stated.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

A margin over Prime, not a rate

This filing does not quote finished APRs. It states margins — numbers that are added to the Prime Rate to produce the rate actually charged. Everything below should be read that way.

The margins captured from the filing are 29.99 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.

What the card costs before you borrow

Taking cash against the card means a cash advance fee of 5%.

Paying in full

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.

What a missed payment costs

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

The issuer's other agreements

There are 32 filings from Bank of America in this index.

What is outside the disclosure

This page cannot tell you a purchase rate, balance transfer terms, an annual fee and a foreign transaction fee, 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.

Reading the agreement yourself

This summary stands or falls on the linked PDF — 11 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

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.

The source document

This page is a reading of one document: the cardholder agreement Bank of America filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.

Open the filed agreement (PDF)

Applications are handled by Bank of America, not by us. We do not take applications and cannot say whether you would be approved.

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Other cards from Bank of America

All 32 agreements from Bank of America

Where this card sits

Groups this agreement qualifies for, by its own disclosed terms:

Comparable cards from other issuers

Closest disclosed margin over Prime among cards in the same groups.