Credit Card Agreement

On the record for Credit Card Agreement 0424: a 22.9% purchase APR and no annual fee, filed by Cedar Hill National Bank. The purchase rate sits at roughly the 53rd percentile of the 4,587 agreements indexed here.

What the document actually states

Cedar Hill National Bank filed this agreement for Credit Card Agreement 0424 with the Consumer Financial Protection Bureau. The filing runs four pages.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

The purchase APR against the corpus

Measured against every other filing on the site, 22.9% is about the 53rd percentile for purchase APR; it is about typical for the filings collected here.

What a balance actually costs

The purchase rate turns a $1,500 revolving balance into roughly $386 of annual interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $369. The gap — roughly $17 a year on $1,500 — is the price of this particular filing over a typical one.

Broken down to a single thirty-day cycle, the same balance accrues roughly $28.49.

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.

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.

Grace period and minimum charge

28 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. The median across this index is 25 days, so this filing is more generous than most.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

The downside terms

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

Where the fees are

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.

How it sits in the issuer's own range

Cedar Hill National Bank has 55 agreements indexed on this site. The others all file the same 22.9% purchase rate. Whatever separates these products, it is not the cost of borrowing.

What you cannot learn from the filing

This page cannot tell you anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Reading the agreement yourself

The original filing, 4 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

22.9% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.