opensky Launch Application TC SKY1

Capital Bank's filed agreement for opensky Launch Application TC SKY1 013 discloses a 28.24% purchase APR and a $36 annual fee. That purchase rate ranks near the 68th percentile across this corpus of 4,587 filings.

The disclosed terms

The document behind this page is Capital Bank's filed agreement for opensky Launch Application TC SKY1 013. It is issued on the Visa network and the filing runs four pages.

Terms captured from the document include a purchase rate, an annual fee line, 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.

Where the purchase APR sits

At 28.24%, the purchase APR falls at roughly the 68th percentile of the 2,280 filings indexed here, which is dearer than the typical filing.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

What the rate means in dollars

The purchase rate turns a $3,000 revolving balance into roughly $978 of annual interest.

On a median-priced agreement from this index (21.99%) the same $3,000 would run about $738 a year, so this card costs in the region of $241 more annually for the identical balance.

Month to month it reads as about $70.42 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

The annual fee is $36, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 86th percentile.

For scale, $36 is approximately what $127 of revolving balance would cost in interest over twelve months at this card's 28.24% rate.

Cash advances carry a cash advance fee of $6 or 5% of the advance, whichever is greater. Advances under roughly $120 are charged the flat $6; larger ones are charged 5%.

Foreign transactions attract 3%. On $1,500 of overseas spending that is $45, 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.

Default pricing

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

The no-interest path

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

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

The issuer's other agreements

This is one of 16 Capital Bank agreements collected here. The issuer's own range is 23.89%–29.99%. At 28.24%, this agreement is dearer than 6 of its siblings.

Among the issuer's other filings that disclose a fee, 4 of 13 come in below this card's $36.

The limits of this document

Absent from the captured terms: balance transfer terms and 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, four pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

28.24% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Against that sits the $36 annual fee, which is unavoidable once the account is open.