AOT TC for cfpb web 2023 0515 clean

Dsrm National Bank's filed agreement for AOT TC for cfpb web 2023 0515 clean discloses a 29.99% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 74th percentile.

What the document actually states

Dsrm National Bank filed this agreement for AOT TC for cfpb web 2023 0515 clean with the Consumer Financial Protection Bureau. The filing runs eight pages.

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

The purchase rate in context

The purchase APR of 29.99% places this agreement around the 74th percentile of the set — it is dearer than the typical filing.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

The cost of carrying a balance

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $524.

Against the corpus median of 21.99%, that is approximately $156 a year of extra interest on the same $1,500.

There is also a floor: the filing sets a minimum interest charge of $2, so any cycle that accrues less than that is billed at $2 anyway.

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

Grace period and minimum charge

Anyone clearing the statement balance inside 21 days pays no purchase interest at all under this filing. That is shorter than the 25-day corpus median.

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

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 issuer's other agreements

There are 8 filings from Dsrm National Bank in this index. Their disclosed purchase rates run from 27.24% to 29.49%, and this one at 29.99% is more expensive than 7 of them.

The limits of this document

This page cannot tell you anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Go to the source

The original filing, 8 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 29.99% on purchases is near enough to typical. The absence of an annual fee means the rate is the only thing that can make this card expensive.