M 901001 Consumer Platinum Tier

M 901001 Consumer Platinum Tier 2, as filed by Card Assets, carries no annual fee, a 0% opening rate and a 26.24% penalty rate.

The disclosed terms

What follows is drawn entirely from Card Assets's CFPB filing for M 901001 Consumer Platinum Tier 2. It is issued on the Visa network and the filing runs two pages.

The disclosure covers a penalty rate, an annual fee line, a late payment maximum and a grace period. It is silent on a purchase rate, a cash advance rate and a balance transfer rate.

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

The purchase rate was taken from a row the filing did not clearly label, so there is some risk it describes a different balance type.

The promotional period

A 0% promotional rate appears in the document without an accompanying term — the length of the window is not captured.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

The filing captures the promotional rate but not the rate that replaces it. That is the more important of the two numbers, and it is not on this page — the agreement itself has to be read for it.

Charges beyond interest

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater. The two halves of that fee cross at about $200: below it the flat $10 applies, above it the percentage does.

Penalty pricing and late fees

A penalty APR of 26.24% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 49th percentile.

Late payments are capped at $35 under this filing, about the 54th percentile of late fee maximums in the corpus.

Grace period and minimum charge

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The issuer's other agreements

There are 32 filings from Card Assets in this index. Their disclosed purchase rates run from 12.24% to 19.99%, though this particular filing does not state one in comparable form.

The limits of this document

Absent from the captured terms: a purchase rate, balance transfer terms and a foreign transaction fee. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Reading the agreement yourself

The original filing, 2 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.