Destiny Mastercard Cardholder Agreement

Destiny Mastercard Cardholder Agreement 237, as filed by Bank of Missouri, the, carries a 35.9% purchase APR and a $59 annual fee. That purchase rate ranks near the 91st percentile across this corpus of 4,587 filings.

What this filing discloses

Bank of Missouri, the filed this agreement for Destiny Mastercard Cardholder Agreement 237 with the Consumer Financial Protection Bureau. It is issued on the Mastercard network and the filing runs 13 pages.

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

Pricing the purchase rate

The purchase APR of 35.9% places this agreement around the 91st percentile of the set — it lands high in the distribution.

What a balance actually costs

At the disclosed purchase APR, $2,500 revolving for a full year costs something like $1,079 in interest.

A card priced at the corpus median of 21.99% would charge roughly $615 on that balance. This one charges about $464 more per year.

Month to month it reads as about $74.83 per cycle on that balance.

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.

Where the fees are

Holding the card costs $59 a year before any transaction takes place — about the 89th percentile among agreements in this index that state a fee.

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

The $1 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

The downside terms

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 120 filings from Bank of Missouri, the in this index. Their disclosed purchase rates run from 24.9% to 36%, and this one at 35.9% is more expensive than 19 of them.

Among the issuer's other filings that disclose a fee, 32 of 79 come in below this card's $59.

What the filing does not tell you

The disclosure parsed here does not state anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Where the authority sits

Everything here is a reading of the filed agreement, 13 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

35.9% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index. The $59 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.