cashback agree

cashback agree, as filed by Huntington National Bank, the, carries a purchase APR of 12.24%–26.24%, no annual fee and a 12-month 0% opening period. That purchase rate ranks near the 63rd percentile across this corpus of 4,587 filings.

What the document actually states

cashback agree is one of the agreements Huntington National Bank, the has on file with the CFPB. The filing runs 18 pages.

On the record here: 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 and a foreign transaction fee.

Zero percent, and then what

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

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

Behind the promotion sits a 26.24% purchase rate. On $3,000 that is in the region of $900 a year once the window closes.

Put the other way round, the 12-month zero rate is worth roughly $900 on a $3,000 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.

The purchase rate in context

The purchase APR is quoted as a range of 12.24% to 26.24%. That 14-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 18th percentile of filed purchase rates; the ceiling sits at about the 63rd. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

The arithmetic of revolving

A $2,000 balance left untouched for twelve months accrues about $600 in interest at this purchase rate.

A card priced at the corpus median of 21.99% would charge roughly $492 on that balance. This one charges about $108 more per year.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Paying in full

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. With a corpus median of 25 days, this window is narrower than the norm.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

Default pricing

Late payments are capped at $40 under this filing, about the 72nd percentile of late fee maximums in the corpus.

The fee structure

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.

Cash advances carry a cash advance fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 24.24%.

The transfer fee is $10 or 3% of the amount transferred, whichever is greater; transferred balances then run at 20.74%. On $3,000 that fee is about $90 before any interest is charged.

Against the rest of Huntington National Bank, the's filings

Huntington National Bank, the has 38 agreements indexed on this site. Their disclosed purchase rates run from 12.24% to 30.74%, and this one at 26.24% is more expensive than 12 of them.

33 of the issuer's other 34 disclosing filings are likewise fee-free.

The limits of this document

This page cannot tell you a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

This summary stands or falls on the linked PDF — 18 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

26.24% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The absence of an annual fee means the rate is the only thing that can make this card expensive.