Pricing Guide and Disclosures OnlineVersion 062023 FINAL

The Pricing Guide and Disclosures OnlineVersion 062023 FINAL filing from First Commonwealth Bank sets out no annual fee and a six-month 0% opening period.

On the face of the filing

What follows is drawn entirely from First Commonwealth Bank's CFPB filing for Pricing Guide and Disclosures OnlineVersion 062023 FINAL. It is issued on the Mastercard network and the filing runs four pages.

The disclosure covers a cash advance rate, a balance transfer rate, an annual fee line, a late payment maximum and a foreign transaction fee. A purchase rate and a penalty rate are not stated.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

Zero percent, and then what

This agreement opens at 0% for six months, the only period in the document where carrying a balance is free.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

The fee structure

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.

For cash advances the filing discloses a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 19.99%. Advances under roughly $167 are charged the flat $5; larger ones are charged 3%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Transferred balances are priced at 35%; no separate transfer fee was captured from the filing.

The filing sets a 3% foreign transaction fee, which adds roughly $150 to $5,000 spent outside the United States.

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

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. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $0.50. On a tiny balance that floor can dwarf the rate itself.

When a payment is late

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

Inside First Commonwealth Bank's filed lineup

First Commonwealth Bank has 18 agreements indexed on this site. Their disclosed purchase rates run from 18.49% to 19.99%, though this particular filing does not state one in comparable form.

On fees, 14 of the 17 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What is outside the disclosure

This page cannot tell you a purchase rate and penalty pricing, because the filing's disclosure table as read does not contain them.

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

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

In short

Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.