Destiny Mastercard Cardholder Agreement

On the record for Destiny Mastercard Cardholder Agreement 241: a 35.9% purchase APR, filed by Bank of Missouri, the. That purchase rate ranks near the 91st percentile across this corpus of 4,587 filings.

What this filing discloses

This page covers the agreement Bank of Missouri, the filed for Destiny Mastercard Cardholder Agreement 241. It is issued on the Mastercard network and the filing runs 14 pages.

On the record here: a purchase rate, 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.

How the purchase rate compares

The purchase APR of 35.9% places this agreement around the 91st percentile of the set — it is well above what most issuers disclosed.

The cost of carrying a balance

A $2,000 balance left untouched for twelve months accrues about $863 in interest at this purchase rate.

A card priced at the corpus median of 21.99% would charge roughly $492 on that balance. This one charges about $372 more per year.

Broken down to a single thirty-day cycle, the same balance accrues roughly $59.86.

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.

Charges beyond interest

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

When a payment is late

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

How it sits in the issuer's own range

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

What is outside the disclosure

Absent from the captured terms: anything about cash advances, balance transfer terms, an annual fee and penalty pricing. The original document is the place to look for any of these.

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

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

This is an expensive agreement by the standards of the corpus, driven by a 35.9% purchase rate that is inert for a transactor and punishing for a revolver.