OpenSky Gold Card Agreement SKY2 V201 2022

Capital Bank's filed agreement for OpenSky Gold Card Agreement SKY2 V201 2022 10 discloses a 23.9% purchase APR and a $59 annual fee. That purchase rate ranks near the 56th percentile across this corpus of 4,587 filings.

The disclosed terms

Capital Bank submitted the terms for OpenSky Gold Card Agreement SKY2 V201 2022 10 to the CFPB's agreement database; this is what they contain. The filing runs 12 pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Pricing the purchase rate

At 23.9%, the purchase APR falls at roughly the 56th percentile of the 2,280 filings indexed here, which sits close to the middle of the corpus.

Unusually for this corpus, the filing labels the purchase rate as fixed rather than variable — the overwhelming majority of agreements indexed here disclose variable pricing.

The arithmetic of revolving

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $540 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $492. The gap — roughly $48 a year on $2,000 — is the price of this particular filing over a typical one.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

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.

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

What a missed payment costs

The maximum late fee is $39 — roughly the 63rd percentile of the late fee ceilings disclosed across this index.

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.

For scale, $59 is approximately what $247 of revolving balance would cost in interest over twelve months at this card's 23.9% rate.

For cash advances the filing discloses a cash advance fee of $10 or 3% of the advance, whichever is greater.

Foreign transactions attract 3%. On $3,000 of overseas spending that is $90, charged on top of whatever exchange rate applies.

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

Inside Capital Bank's filed lineup

16 separate Capital Bank filings appear in the corpus. The issuer's own range is 23.89%–29.99%. At 23.9%, this agreement is dearer than 2 of its siblings.

Among the issuer's other filings that disclose a fee, 6 of 13 come in below this card's $59.

What the filing does not tell you

This page cannot tell you balance transfer terms and penalty pricing, because the filing's disclosure table as read does not contain them.

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, 12 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

23.9% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Note that the $59 annual fee falls due whether the card is used or not.