LATAM Airlines Mastercard Cardholder Agreement and Rates and Fees

The LATAM Airlines Mastercard Cardholder Agreement and Rates and Fees filing from First Electronic Bank sets out a purchase APR of 19.49%–29.49% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 70th percentile.

On the face of the filing

First Electronic Bank submitted the terms for LATAM Airlines Mastercard Cardholder Agreement and Rates and Fees to the CFPB's agreement database; this is what they contain. It is issued on the Mastercard network and the filing runs 42 pages.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

How the purchase rate compares

Rather than a single purchase rate, the document gives a band — 19.49% at the bottom, 29.49% at the top, 10 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 59th percentile and the high end around the 70th — the band straddles a wide stretch of the market this corpus describes.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

What the rate means in dollars

The purchase rate turns a $3,000 revolving balance into roughly $1,028 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $738 on that balance. This one charges about $291 more per year.

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

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.

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 downside terms

On the fee side, a late payment can cost up to $8, which is around the 4th percentile here.

Inside First Electronic Bank's filed lineup

This is one of 23 First Electronic Bank agreements collected here. Their disclosed purchase rates run from 29.49% to 35.99%, and this one at 29.49% is more expensive than 0 of them.

What the filing does not tell you

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.

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 exceeded the page limit used when the corpus was built; its later pages are unexamined here.

Go to the source

The filed PDF is linked from this page and runs 42 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

29.49% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The absence of an annual fee means the rate is the only thing that can make this card expensive.