Sparrow Credit Card Agreement v 1 6 09 17 2025 Clean

The Sparrow Credit Card Agreement v 1 6 09 17 2025 Clean filing from Evolve Bank & Trust sets out a 29.49% purchase APR and a $59 annual fee. The purchase rate sits at roughly the 70th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

The document behind this page is Evolve Bank & Trust's filed agreement for Sparrow Credit Card Agreement v 1 6 09 17 2025 Clean. The filing runs 14 pages, and It is issued on the Mastercard network.

Terms captured from the document include 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.

Pricing the purchase rate

29.49% puts the purchase APR near the 70th percentile across 2,280 agreements, so it runs above the midpoint of the corpus.

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 arithmetic of revolving

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $411 in interest.

A card priced at the corpus median of 21.99% would charge roughly $295 on that balance. This one charges about $116 more per year.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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

Charges beyond interest

$59 a year is the disclosed annual fee, which ranks near the 89th percentile of the fees filed across this corpus.

Expressed in the card's own terms, the $59 fee equals about a year's interest on a $200 balance at the disclosed 29.49% purchase rate.

Cash advances carry a cash advance APR of 31.49%. Cash is therefore 2 points dearer than buying something with the card. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The grace period

The filing gives 23 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. With a corpus median of 25 days, this window is narrower than the norm.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

Penalty pricing and late fees

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

How it sits in the issuer's own range

8 separate Evolve Bank & Trust filings appear in the corpus. The issuer's own range is 0%–27.99%. At 29.49%, this agreement is dearer than 6 of its siblings.

What the filing does not tell you

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

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.

Where the authority sits

This summary stands or falls on the linked PDF — 14 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 29.49% on purchases is near enough to typical. Against that sits the $59 annual fee, which is unavoidable once the account is open.