Before you read the numbers.
The annual fee is disclosed as waived for the first year. The recurring fee from year two is the number that matters over the life of the account.
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.
| Balance transfer APR | 16.74% |
|---|---|
| Cash advance APR | 28.49% |
| Penalty APR | 29.99% |
| Annual fee | $229 |
| Late payment fee | up to $40 |
| Foreign transaction fee | 3% |
| Cash advance fee | Either $10 or 5% of the amount of each transaction, whichever is greater. |
| Balance transfer fee | Either $5 or 5% of the amount of each transfer, whichever is greater. |
| Minimum interest charge | $0 |
Analysis
The Cardmember Agreement Rates and Fees Table filing from JPMORGAN Chase Bank sets out a $229 annual fee and a 29.99% penalty rate.
The disclosed terms
Cardmember Agreement Rates and Fees Table is one of the agreements JPMORGAN Chase Bank has on file with the CFPB. The filing runs 22 pages.
Terms captured from the document include a cash advance rate, a balance transfer rate, a penalty rate, an annual fee line and a late payment maximum. A purchase rate and a grace period are not stated.
The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.
Fees, and what triggers them
The annual fee is $229, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 97th percentile.
Year one is free of the fee per the filing; $229 applies thereafter.
Cash advances carry a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 28.49%. Advances under roughly $200 are charged the flat $10; larger ones are charged 5%.
Balance transfers cost $5 or 5% of the amount transferred, whichever is greater up front and then accrue at 16.74%. Transferring $2,000 would cost roughly $100 at the door.
The filing sets a 3% foreign transaction fee, which adds roughly $60 to $2,000 spent outside the United States.
That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.
The downside terms
The agreement discloses penalty pricing of 29.99% — about the 61st percentile of the 794 penalty rates recorded across this index.
On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.
The no-interest path
No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.
How it sits in the issuer's own range
JPMORGAN Chase Bank has 26 agreements indexed on this site.
What is outside the disclosure
The disclosure parsed here does not state a purchase rate and a grace period. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.
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
The original filing, 22 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 $229 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.
The source document
This page is a reading of one document: the cardholder agreement JPMORGAN Chase Bank filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by JPMORGAN Chase Bank, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from JPMORGAN Chase Bank
-
Cardmember Agreement Rates and Fees Table
Agreement filed with the CFPB
- Annual fee
- $49
- Intro APR
- 28.49%
- Foreign tx fee
- 3%
-
Cardmember Agreement Rates and Fees Table
Agreement filed with the CFPB
- Annual fee
- $550
- Foreign tx fee
- None
-
Cardmember Agreement Rates and Fees Table
Agreement filed with the CFPB
- Annual fee
- $149
- Intro APR
- 28.49%
- Foreign tx fee
- 3%
-
Cardmember Agreement Rates and Fees Table
Agreement filed with the CFPB
- Annual fee
- $0
- Foreign tx fee
- None