Ispc Revolving Account Agreement

On the record for Ispc Revolving Account Agreement: a purchase APR of 7%–18% and a $25 annual fee, filed by Independent Savings Plan. That purchase rate ranks near the 34th percentile across this corpus of 4,587 filings.

What the document actually states

Independent Savings Plan filed this agreement for Ispc Revolving Account Agreement with the Consumer Financial Protection Bureau. The filing runs six pages.

The disclosure covers a purchase rate, an annual fee line and a late payment maximum. It is silent on 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.

Where the purchase APR sits

The purchase APR is quoted as a range of 7% to 18%. That 11-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Read against the index, the low end ranks around the 3rd percentile and the high end around the 34th — the band straddles a wide stretch of the market this corpus describes.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What a balance actually costs

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $493 in interest.

Measured against the 21.99% corpus median, the same $2,500 costs approximately $122 less per year here.

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.

What the card costs before you borrow

$25 a year is the disclosed annual fee, which ranks near the 78th percentile of the fees filed across this corpus.

Expressed in the card's own terms, the $25 fee equals about a year's interest on a $139 balance at the disclosed 18% purchase rate.

Penalty pricing and late fees

Late payments are capped at $50 under this filing, about the 100th percentile of late fee maximums in the corpus.

How it sits in the issuer's own range

This is one of 9 Independent Savings Plan agreements collected here. The others all file the same 18% purchase rate. Whatever separates these products, it is not the cost of borrowing.

Its $25 annual fee is higher than 0 of the 3 sibling filings that state one.

What is outside the disclosure

This page cannot tell you anything about cash advances, balance transfer terms, a foreign transaction fee and a grace period, because the filing's disclosure table as read does not contain them.

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.

The document itself

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

In short

At 18% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Against that sits the $25 annual fee, which is unavoidable once the account is open. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.