Branch Credit Card Disclosure Smart Rewards

Branch Credit Card Disclosure Smart Rewards, as filed by First National Bank of Pennsylvania, carries a purchase APR of 13.49%–21.49%, no annual fee, a 12-month 0% opening period and a 24% penalty rate. That purchase rate ranks near the 47th percentile across this corpus of 4,587 filings.

On the face of the filing

Branch Credit Card Disclosure Smart Rewards is one of the agreements First National Bank of Pennsylvania has on file with the CFPB. The filing runs two pages.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line. No figure appears for a foreign transaction fee.

The interest-free window

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

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 go-to rate is 21.49%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $479 a year on $2,000.

Put the other way round, the 12-month zero rate is worth roughly $479 on a $2,000 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 13.49% to 21.49%, a spread of 8 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Read against the index, the low end ranks around the 25th percentile and the high end around the 47th — the band straddles a wide stretch of the market this corpus describes.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

The arithmetic of revolving

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $479 in interest.

The corpus median purchase rate is 21.99%, which on the same $2,000 would cost about $492 a year. This filing saves roughly $12 annually against that benchmark.

Broken down to a single thirty-day cycle, the same balance accrues roughly $35.63.

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

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 $10 or 3% of the advance, whichever is greater and a cash advance APR of 22.49%. Cash is therefore 1 points dearer than buying something with the card. The two halves of that fee cross at about $333: below it the flat $10 applies, above it the percentage does. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Moving a balance onto this card carries an up-front charge of $10 or 4% of the amount transferred, whichever is greater, with the transferred balance priced at 13.49%. Shifting $1,000 across attracts something like $40 in fees on day one.

Default pricing

If the account defaults, the filing permits a rate of 24%. Among disclosing agreements here that ranks near the 45th percentile.

The jump from 21.49% to 24% is 2.51 percentage points, worth roughly $31 extra per year on $1,000 of balance.

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

The grace period

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That is shorter than the 25-day corpus median.

A minimum interest charge of $1.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

What is outside the disclosure

Absent from the captured terms: a foreign transaction fee. The original document is the place to look for any of these.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Against the rest of First National Bank of Pennsylvania's filings

5 separate First National Bank of Pennsylvania filings appear in the corpus. Their disclosed purchase rates run from 19.99% to 22.49%, and this one at 21.49% is more expensive than 1 of them.

The document itself

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

In short

21.49% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.