Marriott Visa Agreement

On the record for COL00093 Marriott Visa Agreement: no annual fee and a 29.99% penalty rate, filed by Chase Bank USA.

The disclosed terms

COL00093 Marriott Visa Agreement is one of the agreements Chase Bank USA has on file with the CFPB. The filing runs 21 pages, and It is issued on the Visa network.

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

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

The fee structure

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.

Cash advances carry a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 24.99%.

The transfer fee is $5 or 5% of the amount transferred, whichever is greater; transferred balances then run at 15.99%. On $1,000 that fee is about $50 before any interest is charged.

The foreign transaction fee is zero — a minority position in this corpus, where roughly 22% of disclosing filings waive it.

Default pricing

The agreement discloses penalty pricing of 29.99% — about the 61st percentile of the 794 penalty rates recorded across this index.

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

The no-interest path

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

Inside Chase Bank USA's filed lineup

There are 25 filings from Chase Bank USA in this index.

5 of the issuer's other 22 disclosing filings are likewise fee-free.

What the filing does not tell you

The disclosure parsed here does not state a purchase rate and a grace period. 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

The filed PDF is linked from this page and runs 21 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.