Aspire Cardholder Agreement and Pricing Disclousure October

Aspire Cardholder Agreement and Pricing Disclousure October 2024, as filed by Bank of Missouri, the, carries a purchase APR of 29.99%–36% and a $60 annual fee. That purchase rate ranks near the 99th percentile across this corpus of 4,587 filings.

On the face of the filing

What follows is drawn entirely from Bank of Missouri, the's CFPB filing for Aspire Cardholder Agreement and Pricing Disclousure October 2024. The filing runs eight 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. A penalty rate is not stated.

Pricing the purchase rate

Purchases price between 29.99% and 36% under this filing. The 6.01-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 77th percentile of filed purchase rates; the ceiling sits at about the 99th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The arithmetic of revolving

The purchase rate turns a $1,000 revolving balance into roughly $433 of annual interest.

Against the corpus median of 21.99%, that is approximately $187 a year of extra interest on the same $1,000.

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.

Fees, and what triggers them

The annual fee is $60, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 90th percentile.

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 32.99%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The transfer fee is 3% of the amount transferred; transferred balances then run at 32.99%. Transferring $5,000 would cost roughly $150 at the door.

Spending abroad costs an extra 3% — about $150 on $5,000 of purchases, independent of interest.

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

What a missed payment costs

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

How it sits in the issuer's own range

Bank of Missouri, the has 120 agreements indexed on this site. Their disclosed purchase rates run from 24.9% to 36%, and this one at 36% is more expensive than 112 of them.

Among the issuer's other filings that disclose a fee, 34 of 79 come in below this card's $60.

What the filing does not tell you

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

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.

Reading the agreement yourself

Everything here is a reading of the filed agreement, eight pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

This is an expensive agreement by the standards of the corpus, driven by a 36% purchase rate that is inert for a transactor and punishing for a revolver. Note that the $60 annual fee falls due whether the card is used or not.