Credit Card Agreement

Credit Card Agreement 1119, as filed by Cedar Hill National Bank, carries a 22.9% purchase APR and no annual fee. The purchase rate sits at roughly the 53rd percentile of the 4,587 agreements indexed here.

On the face of the filing

Cedar Hill National Bank filed this agreement for Credit Card Agreement 1119 with the Consumer Financial Protection Bureau. The filing runs three pages.

The disclosure covers 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

Ranked against the corpus, this purchase APR — 22.9% — sits at approximately the 53rd percentile and lands near the median.

The cost of carrying a balance

A $1,000 balance left untouched for twelve months accrues about $257 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $1,000 would run about $246 a year, so this card costs in the region of $11 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $18.99.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Where the fees are

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.

The downside terms

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

The no-interest path

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.

Inside Cedar Hill National Bank's filed lineup

There are 55 filings from Cedar Hill National Bank in this index. Every one of the others that discloses a purchase rate discloses the same 22.9%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

The limits of this document

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.

The document itself

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

In short

At 22.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The absence of an annual fee means the rate is the only thing that can make this card expensive.