CC Select and Select Rewards 1 99 BT Disclosure

Honor Credit Union Dba Honor Investment Services's filed agreement for CC Select and Select Rewards 1 99 BT Disclosure discloses a purchase APR of 1.99%–12.99%, no annual fee and a 12.99% introductory rate. That purchase rate ranks near the 10th percentile across this corpus of 4,587 filings.

The disclosed terms

Honor Credit Union Dba Honor Investment Services submitted the terms for CC Select and Select Rewards 1 99 BT Disclosure to the CFPB's agreement database; this is what they contain. The filing runs four pages.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Note that the purchase APR row in this table carries no explicit label in the filing, which introduces some ambiguity about what it covers.

Introductory pricing

The filing discloses an introductory rate of 12.99% but no term for it.

Among the 763 filings here that disclose an introductory rate, 12.99% sits at about the 93rd percentile.

Behind the promotion sits a 12.99% purchase rate. On $2,500 that is in the region of $347 a year once the window closes.

The purchase APR against the corpus

Rather than a single purchase rate, the document gives a band — 1.99% at the bottom, 12.99% at the top, 11 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 2nd percentile of filed purchase rates; the ceiling sits at about the 10th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

Translating the rate into money

Put $2,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $277.

Measured against the 21.99% corpus median, the same $2,000 costs approximately $214 less per year here.

Per statement cycle that is on the order of $21.46 on $2,000, which is the number that actually shows up on a bill.

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.

The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.

Default pricing

$40 is the disclosed ceiling on a late payment fee, placing it near the 72nd percentile of the set.

Grace period and minimum charge

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. The typical filing here allows 25 days, so this one is tighter than most.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

The issuer's other agreements

Honor Credit Union Dba Honor Investment Services has 3 agreements indexed on this site.

The limits of this document

Absent from the captured terms: anything about cash advances, balance transfer terms 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 itself

Everything here is a reading of the filed agreement, four pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

12.99% places this filing at the inexpensive end of the set, which is the headline here.