Agreements as filed with the CFPB. Not an offer of credit. How we read them
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Great American Finance Holdings

FinWise T&Cs OK TX

The filed agreement discloses a purchase APR of 0.75%. Below: every term the document states, what it leaves out, and how the cost compares with the rest of the database.

Before you read the numbers.

This document covers more than one card product in a single disclosure table. Figures shown may belong to a sibling product rather than to this one. Check the filing before relying on any individual number.

The purchase rate was read from a row the document did not label explicitly, so it carries more uncertainty than the other figures here.

Disclosed rates and fees

Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.

Terms as disclosed in the filed agreement for FinWise T&Cs OK TX
Purchase APR0.75%
Annual fee$300
Late payment feeup to $25
Grace period25 days

Analysis

Great American Finance Holdings's filed agreement for FinWise T&Cs OK TX 092221 discloses a 0.75% purchase APR and a $300 annual fee. That purchase rate ranks near the 1st percentile across this corpus of 4,587 filings.

On the face of the filing

The document behind this page is Great American Finance Holdings's filed agreement for FinWise T&Cs OK TX 092221. The filing runs 14 pages.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

One important caveat sits on top of everything else here: the rate table in this filing covers more than one product. Figures shown on this page may belong to a sibling card in the same table rather than to this one, and only the PDF can settle which row applies.

The purchase rate was taken from a row the filing did not clearly label, so there is some risk it describes a different balance type.

Where the purchase APR sits

0.75% puts the purchase APR near the 1st percentile across 2,280 agreements, so it is lower than almost every other agreement here.

What the rate means in dollars

At the disclosed purchase APR, $5,000 revolving for a full year costs something like $38 in interest.

Priced at the median of 21.99%, that balance would generate about $1,229 in a year — so this agreement comes in around $1,192 cheaper for the same debt.

Broken down to a single thirty-day cycle, the same balance accrues roughly $3.08.

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

The fee structure

Holding the card costs $300 a year before any transaction takes place — about the 98th percentile among agreements in this index that state a fee.

One way to size that fee: at the card's own purchase rate of 0.75%, $300 is roughly the interest a balance of about $40,000 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

Default pricing

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The grace period

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

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.

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.

The issuer's other agreements

This is one of 4 Great American Finance Holdings agreements collected here. Every one of the others that discloses a purchase rate discloses the same 2.08%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

The document itself

The original filing, 14 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

The purchase rate of 0.75% is one of the cheaper figures in this index — the central point in the agreement's favour. Note that the $300 annual fee falls due whether the card is used or not. All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it. And because the filing covers several products in one table, even the figures that are right may belong to a different card.

The source document

This page is a reading of one document: the cardholder agreement Great American Finance Holdings filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.

Open the filed agreement (PDF)

Applications are handled by Great American Finance Holdings, not by us. We do not take applications and cannot say whether you would be approved.

Go to Great American Finance Holdings

Other cards from Great American Finance Holdings

All 4 agreements from Great American Finance Holdings

Where this card sits

Groups this agreement qualifies for, by its own disclosed terms:

Comparable cards from other issuers

Closest disclosed purchase APR among cards in the same groups.