NC State Rewards Mastercard Credit Card Pricing Information

Commerce Bank prices NC State Rewards Mastercard Credit Card Pricing Information as a margin over the Prime Rate rather than as a fixed APR, so the filing discloses the spread but not the cost. This page explains what that means and sets the other disclosed terms against the corpus.

What the document actually states

The document behind this page is Commerce Bank's filed agreement for NC State Rewards Mastercard Credit Card Pricing Information. It is issued on the Mastercard network and the filing runs one page.

The disclosure covers a penalty rate, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a purchase rate, a cash advance rate and a balance transfer rate.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

How this filing expresses its pricing

The rate figures in this agreement are expressed as margins over the Prime Rate rather than as absolute APRs. A margin is not a rate: the rate is the margin plus whatever Prime happens to be.

The margins captured from the filing are 23.99 points for penalty pricing.

This structure makes the card impossible to price from the filing in isolation — and deliberately so. The rate is whatever Prime is when the statement closes, plus the margin above.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

The fee structure

Taking cash against the card means a cash advance fee of $10 or 5% of the advance, whichever is greater. Advances under roughly $200 are charged the flat $10; larger ones are charged 5%.

A balance transfer costs $10 or 5% of the amount transferred, whichever is greater up front. The filing does not separately state the rate applied to transferred balances. Shifting $5,000 across attracts something like $250 in fees on day one.

Spending abroad costs an extra 2% — about $100 on $5,000 of purchases, independent of interest.

When a payment is late

Late payments are capped at $40 under this filing, about the 72nd percentile of late fee maximums in the corpus.

Grace period and minimum charge

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

The $2.50 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

165 separate Commerce Bank filings appear in the corpus.

What you cannot learn from the filing

The disclosure parsed here does not state a purchase rate and an annual fee. 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.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

The document itself

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

In short

Margins over Prime make this agreement legible but not priceable from the document alone. Treat the figures above as structure, and look up the current Prime Rate before drawing conclusions.