Credit Card Agreement

Cedar Hill National Bank's filed agreement for Credit Card Agreement 0424 discloses a 22.9% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 53rd percentile.

On the face of the filing

What follows is drawn entirely from Cedar Hill National Bank's CFPB filing for Credit Card Agreement 0424. The filing runs four pages.

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

Where the purchase APR sits

The purchase APR of 22.9% places this agreement around the 53rd percentile of the set — it sits close to the middle of the corpus.

What a balance actually costs

The purchase rate turns a $2,000 revolving balance into roughly $515 of annual interest.

On a median-priced agreement from this index (21.99%) the same $2,000 would run about $492 a year, so this card costs in the region of $23 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $37.99.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

The grace period

Purchases carry a 28-day grace period: pay the statement in full inside it and the purchase rate never applies. That is longer than the corpus median of 25 days.

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

When a payment is late

$20 is the disclosed ceiling on a late payment fee, placing it near the 17th percentile of the set.

What the card costs before you borrow

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

The issuer's other agreements

55 separate Cedar Hill National Bank filings appear in the corpus. The others all file the same 22.9% purchase rate. Whatever separates these products, it is not the cost of borrowing.

What the filing does not tell you

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee 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.

The document itself

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

In short

22.9% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.