Cash Back Visa Signature Credit Card Agreement 65908E

The Cash Back Visa Signature Credit Card Agreement 65908E filing from City National Bank sets out a purchase APR of 18.5%–22.5% and no annual fee. The purchase rate sits at roughly the 52nd percentile of the 4,587 agreements indexed here.

The disclosed terms

City National Bank filed this agreement for Cash Back Visa Signature Credit Card Agreement 65908E with the Consumer Financial Protection Bureau. The filing runs 12 pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a balance transfer rate, a penalty rate and a foreign transaction fee.

The purchase rate in context

Purchases price between 18.5% and 22.5% under this filing. The 4-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 57th percentile of filed purchase rates; the ceiling sits at about the 52nd. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

Translating the rate into money

The purchase rate turns a $2,500 revolving balance into roughly $631 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $615 on that balance. This one charges about $16 more per year.

Month to month it reads as about $46.65 per cycle on that balance.

Small balances do not get a proportionally small bill — the agreement imposes a $0.70 minimum interest charge in any month where interest applies.

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.

Default pricing

The maximum late fee is $15 — roughly the 11th percentile of the late fee ceilings disclosed across this index.

What the card costs before you borrow

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 3% and a cash advance APR of 24.5%. The premium over purchases is 2 percentage points.

Transfers are charged $5 or 3% of the amount transferred, whichever is greater, though no distinct transfer APR appears in the document. Transferring $7,500 would cost roughly $225 at the door.

The grace period

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The $0.70 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Inside City National Bank's filed lineup

There are 28 filings from City National Bank in this index. Their disclosed purchase rates run from 19% to 27.25%, and this one at 22.5% is more expensive than 8 of them.

On fees, 22 of the 26 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What the filing does not tell you

Absent from the captured terms: a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

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

Everything here is a reading of the filed agreement, 12 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

22.5% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.