M 901005 Business World Elite Plus

M 901005 Business World Elite Plus, as filed by Card Assets, carries a $249 annual fee, a 0% opening rate and a 24.24% penalty rate.

What this filing discloses

Card Assets submitted the terms for M 901005 Business World Elite Plus to the CFPB's agreement database; this is what they contain. The filing runs two pages.

The filing is explicit about a penalty rate, an annual fee line, a late payment maximum and a grace period. A purchase rate, a cash advance rate and a balance transfer rate are not stated.

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

Note that the purchase APR row in this table carries no explicit label in the filing, which introduces some ambiguity about what it covers.

The promotional period

The filing discloses a 0% introductory rate, though it does not state how long the promotional period runs.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

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.

Fees, and what triggers them

Holding the card costs $249 a year before any transaction takes place — about the 97th percentile among agreements in this index that state a fee.

Cash advances carry 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.

A balance transfer costs 9.99% of the amount transferred up front. The filing does not separately state the rate applied to transferred balances. Transferring $3,000 would cost roughly $300 at the door.

Penalty pricing and late fees

If the account defaults, the filing permits a rate of 24.24%. Among disclosing agreements here that ranks near the 46th percentile.

On the fee side, a late payment can cost up to $0, which is around the 2nd percentile here.

The no-interest path

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

32 separate Card Assets filings appear in the corpus. Their disclosed purchase rates run from 12.24% to 19.99%, though this particular filing does not state one in comparable form.

Its $249 annual fee is higher than 17 of the 20 sibling filings that state one.

The limits of this document

The disclosure parsed here does not state a purchase rate and a foreign transaction fee. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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

In short

Against that sits the $249 annual fee, which is unavoidable once the account is open. Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.