LATAM Airlines World Elite Mastercard Cardholder Agreement and Rates and Fees

The LATAM Airlines World Elite Mastercard Cardholder Agreement and Rates and Fees filing from First Electronic Bank sets out a purchase APR of 19.49%–29.49% and a $99 annual fee. Against the 4,587 filings on this site, that rate lands around the 70th percentile.

What this filing discloses

LATAM Airlines World Elite Mastercard Cardholder Agreement and Rates and Fees is one of the agreements First Electronic Bank has on file with the CFPB. It is issued on the Mastercard network and the filing runs 42 pages.

The disclosure covers 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.

Where the purchase APR sits

The purchase APR is quoted as a range of 19.49% to 29.49%. That 10-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

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 $1,000 revolving balance into roughly $343 of annual interest.

On a median-priced agreement from this index (21.99%) the same $1,000 would run about $246 a year, so this card costs in the region of $97 more annually for the identical balance.

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.

Where the fees are

$99 a year is the disclosed annual fee, which ranks near the 93rd percentile of the fees filed across this corpus.

For scale, $99 is approximately what $336 of revolving balance would cost in interest over twelve months at this card's 29.49% rate.

Penalty pricing and late fees

$35 is the disclosed ceiling on a late payment fee, placing it near the 54th percentile of the set.

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.

What you cannot learn from the filing

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.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

This filing was also long enough to be truncated during processing, so later pages of the agreement were not read at all.

Inside First Electronic Bank's filed lineup

There are 23 filings from First Electronic Bank in this index. The issuer's own range is 29.49%–35.99%. At 29.49%, this agreement is dearer than 0 of its siblings.

Among the issuer's other filings that disclose a fee, 13 of 18 come in below this card's $99.

The document itself

The original filing, 42 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

29.49% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Against that sits the $99 annual fee, which is unavoidable once the account is open.