1 9 26 AMP Level A Cardholder Agreement

On the record for 1 9 26 AMP Level A Cardholder Agreement: a 14.99% purchase APR, no annual fee and a 2.9% introductory rate, filed by First International Bank and Trust. That purchase rate ranks near the 15th percentile across this corpus of 4,587 filings.

On the face of the filing

This page covers the agreement First International Bank and Trust filed for 1 9 26 AMP Level A Cardholder Agreement. The filing runs four pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

What the promotional rate is worth

The introductory rate is 2.9%, held for 12 months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 2.9% sits at about the 73rd percentile.

The go-to rate is 14.99%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $404 a year on $2,500.

The purchase APR against the corpus

Ranked against the corpus, this purchase APR — 14.99% — sits at approximately the 15th percentile and reads as inexpensive against the rest of the filings.

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

A $1,000 balance left untouched for twelve months accrues about $162 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $246 in a year — so this agreement comes in around $84 cheaper for the same debt.

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

Charges beyond interest

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 17.99%. Cash is therefore 3 points dearer than buying something with the card. $167 is the crossover point where the percentage overtakes the $5 minimum. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The transfer fee is $5 or 3% of the amount transferred, whichever is greater; transferred balances then run at 14.99%. On $1,000 that fee is about $30 before any interest is charged.

The filing sets a 1% foreign transaction fee, which adds roughly $10 to $1,000 spent outside the United States.

Default pricing

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

The no-interest path

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

The limits of this document

Absent from the captured terms: 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.

Against the rest of First International Bank and Trust's filings

This is one of 16 First International Bank and Trust agreements collected here. Their disclosed purchase rates run from 9.99% to 27.99%, and this one at 14.99% is more expensive than 2 of them.

9 of the issuer's other 15 disclosing filings are likewise fee-free.

Where the authority sits

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

At 14.99% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.