opensky Launch CH Agreement SKY1

On the record for opensky Launch CH Agreement SKY1 013: a 28.24% purchase APR and a $36 annual fee, filed by Capital Bank. The purchase rate sits at roughly the 68th percentile of the 4,587 agreements indexed here.

What this filing discloses

The document behind this page is Capital Bank's filed agreement for opensky Launch CH Agreement SKY1 013. The filing runs 16 pages, and It is issued on the Visa network.

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. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Pricing the purchase rate

28.24% puts the purchase APR near the 68th percentile across 2,280 agreements, so it sits in the more expensive half.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What the rate means in dollars

A $1,200 balance left untouched for twelve months accrues about $391 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $96 a year of extra interest on the same $1,200.

Month to month it reads as about $28.17 per cycle on that balance.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

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.

What a missed payment costs

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

What the card costs before you borrow

$36 a year is the disclosed annual fee, which ranks near the 86th percentile of the fees filed across this corpus.

One way to size that fee: at the card's own purchase rate of 28.24%, $36 is roughly the interest a balance of about $127 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

For cash advances the filing discloses a cash advance fee of $6 or 5% 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.

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.

How it sits in the issuer's own range

This is one of 16 Capital Bank agreements collected here. Across that lineup purchase rates span 23.89% to 29.99%; this filing's 28.24% sits above 6 of the comparable ones.

Its $36 annual fee is higher than 4 of the 13 sibling filings that state one.

What you cannot learn from the filing

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

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

The document itself

This summary stands or falls on the linked PDF — 16 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

28.24% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The $36 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.