Credit Card Agreement

On the record for Credit Card Agreement 1119: a 22.9% purchase APR and no annual fee, filed by Cedar Hill National Bank. That purchase rate ranks near the 53rd percentile across this corpus of 4,587 filings.

On the face of the filing

What follows is drawn entirely from Cedar Hill National Bank's CFPB filing for Credit Card Agreement 1119. The filing runs three pages.

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

How the purchase rate compares

At 22.9%, the purchase APR falls at roughly the 53rd percentile of the 2,280 filings indexed here, which lands near the median.

The arithmetic of revolving

At the disclosed purchase APR, $2,500 revolving for a full year costs something like $643 in interest.

Against the corpus median of 21.99%, that is approximately $28 a year of extra interest on the same $2,500.

Broken down to a single thirty-day cycle, the same balance accrues roughly $47.49.

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.

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

What the card costs before you borrow

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.

The downside terms

On the fee side, a late payment can cost up to $20, which is around the 17th percentile here.

The grace period

Anyone clearing the statement balance inside 28 days pays no purchase interest at all under this filing. The median across this index is 25 days, so this filing is more generous than most.

The $1 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

How it sits in the issuer's own range

There are 55 filings from Cedar Hill National Bank in this index. 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

The disclosure parsed here does not state anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing. 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.

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.

Go to the source

Everything here is a reading of the filed agreement, three pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The pricing here is middling by the standards of the index — 22.9% on purchases is near enough to typical.