opensky Plus TC

The opensky Plus TC 018 filing from Capital Bank sets out a 28.24% purchase APR and no annual fee. The purchase rate sits at roughly the 68th percentile of the 4,587 agreements indexed here.

What this filing discloses

opensky Plus TC 018 is one of the agreements Capital Bank has on file with the CFPB. It is issued on the Visa network and the filing runs four pages.

The filing is explicit about a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a balance transfer rate and a penalty rate.

Where the purchase APR sits

Measured against every other filing on the site, 28.24% is about the 68th percentile for purchase APR; it 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.

Translating the rate into money

At the disclosed purchase APR, $1,500 revolving for a full year costs something like $489 in interest.

A card priced at the corpus median of 21.99% would charge roughly $369 on that balance. This one charges about $120 more per year.

Per statement cycle that is on the order of $35.21 on $1,500, which is the number that actually shows up on a bill.

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.

Fees, and what triggers them

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Cash advances carry a cash advance fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 28.24%. $333 is the crossover point where the percentage overtakes the $10 minimum.

Foreign transactions attract 3%. On $2,000 of overseas spending that is $60, 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.

Grace period and minimum charge

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.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

How it sits in the issuer's own range

This is one of 16 Capital Bank agreements collected here. Their disclosed purchase rates run from 23.89% to 29.99%, and this one at 28.24% is more expensive than 6 of them.

On fees, 1 of the 13 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What is outside the disclosure

Absent from the captured terms: balance transfer terms 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.

Go to the source

The filed PDF is linked from this page and runs four pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

28.24% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.