Crate & Barrel CB2 Visa Signature

On the record for Crate & Barrel CB2 Visa Signature: a purchase APR of 19.74%–33.99%, no annual fee and a 36% penalty rate, filed by First Bank & Trust. The purchase rate sits at roughly the 79th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

First Bank & Trust submitted the terms for Crate & Barrel CB2 Visa Signature to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs 20 pages.

Terms captured from the document include a purchase rate, a cash advance rate, a penalty rate, an annual fee line and a late payment maximum. A balance transfer rate is not stated.

Where the purchase APR sits

Rather than a single purchase rate, the document gives a band — 19.74% at the bottom, 33.99% at the top, 14.25 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Read against the index, the low end ranks around the 60th percentile and the high end around the 79th — the band straddles a wide stretch of the market this corpus describes.

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.

What the rate means in dollars

A $1,200 balance left untouched for twelve months accrues about $486 in interest at this purchase rate.

A card priced at the corpus median of 21.99% would charge roughly $295 on that balance. This one charges about $190 more per year.

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.

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.

For cash advances the filing discloses a cash advance APR of 36%. That is 2.01 points above the purchase rate.

Foreign transactions attract 3%. On $2,000 of overseas spending that is $60, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The grace period

The filing gives 21 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.

A minimum interest charge of $2 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

What a missed payment costs

If the account defaults, the filing permits a rate of 36%. Among disclosing agreements here that ranks near the 71st percentile.

A default therefore reprices the debt by 2.01 points: about $71 a year more on $2,500, for as long as the penalty rate stands.

On the fee side, a late payment can cost up to $35, which is around the 54th percentile here.

Against the rest of First Bank & Trust's filings

There are 12 filings from First Bank & Trust in this index. Their disclosed purchase rates run from 29.99% to 35.99%, and this one at 33.99% is more expensive than 5 of them.

On fees, 6 of the 7 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: balance transfer terms. The original document is the place to look for any of these.

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.

Reading the agreement yourself

Everything here is a reading of the filed agreement, 20 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The pricing here is middling by the standards of the index — 33.99% 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.