MJR PL Addendum 99 0326 vf

On the record for MJR PL Addendum 99 0326 vf: a 33.24% purchase APR and no annual fee, filed by Citibank. That purchase rate ranks near the 78th percentile across this corpus of 4,587 filings.

What this filing discloses

Citibank submitted the terms for MJR PL Addendum 99 0326 vf to the CFPB's agreement database; this is what they contain. The filing runs one page.

On the record here: 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

Ranked against the corpus, this purchase APR — 33.24% — sits at approximately the 78th percentile and runs above the midpoint of the corpus.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

The cost of carrying a balance

The purchase rate turns a $1,200 revolving balance into roughly $473 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $295 on that balance. This one charges about $178 more per year.

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

Charges beyond interest

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

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

The no-interest path

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

The $2 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Against the rest of Citibank's filings

82 separate Citibank filings appear in the corpus. Their disclosed purchase rates run from 25.99% to 34.24%, and this one at 33.24% is more expensive than 32 of them.

On fees, 33 of the 39 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What you cannot learn from the filing

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.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Where the authority sits

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

In short

At 33.24% 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.