Fetch American Express® Credit Card

First Electronic Bank's filed agreement for Fetch American Express┬« Credit Card discloses a purchase APR of 19.74%–35.99% and no annual fee. The purchase rate sits at roughly the 97th percentile of the 4,587 agreements indexed here.

What this filing discloses

What follows is drawn entirely from First Electronic Bank's CFPB filing for Fetch American Express® Credit Card. It is issued on the Amex network and the filing runs 18 pages.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

The purchase APR against the corpus

Purchases price between 19.74% and 35.99% under this filing. The 16.25-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 60th percentile of filed purchase rates; the ceiling sits at about the 97th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What a balance actually costs

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $1,082 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $615. The gap — roughly $468 a year on $2,500 — is the price of this particular filing over a typical one.

Per statement cycle that is on the order of $75.02 on $2,500, which is the number that actually shows up on a bill.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Where the fees are

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

The grace period

The filing gives 21 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That is shorter than the 25-day corpus median.

The downside terms

The maximum late fee is $20 — roughly the 17th percentile of the late fee ceilings disclosed across this index.

How it sits in the issuer's own range

23 separate First Electronic Bank filings appear in the corpus. Across that lineup purchase rates span 29.49% to 35.99%; this filing's 35.99% sits above 17 of the comparable ones.

12 of the issuer's other 18 disclosing filings are likewise fee-free.

The limits of this document

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Where the authority sits

Everything here is a reading of the filed agreement, 18 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

This is an expensive agreement by the standards of the corpus, driven by a 35.99% purchase rate that is inert for a transactor and punishing for a revolver. The absence of an annual fee means the rate is the only thing that can make this card expensive.