MB CH Agreement Unsecured and Pricing Mar

110830072 MB CH Agreement Unsecured and Pricing Mar, as filed by Merrick Bank, carries a purchase APR of 29.95%–34.7% and a $216 annual fee. Against the 4,587 filings on this site, that rate lands around the 80th percentile.

What the agreement puts on the record

Merrick Bank submitted the terms for 110830072 MB CH Agreement Unsecured and Pricing Mar to the CFPB's agreement database; this is what they contain. The filing runs nine pages.

On the record here: a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

How the purchase rate compares

The purchase APR is quoted as a range of 29.95% to 34.7%. That 4.75-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Those two numbers occupy very different places in the corpus: roughly the 76th percentile at the bottom and the 80th at the top.

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.

What the rate means in dollars

A $1,500 balance left untouched for twelve months accrues about $622 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $253 a year of extra interest on the same $1,500.

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.

What a missed payment costs

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

The fee structure

Holding the card costs $216 a year before any transaction takes place — about the 97th percentile among agreements in this index that state a fee.

For scale, $216 is approximately what $622 of revolving balance would cost in interest over twelve months at this card's 34.7% rate.

Cash advances carry a cash advance fee of $10 or 4% of the advance, whichever is greater. $250 is the crossover point where the percentage overtakes the $10 minimum.

The filing sets a 2% foreign transaction fee, which adds roughly $100 to $5,000 spent outside the United States.

Grace period and minimum charge

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

How it sits in the issuer's own range

Merrick Bank has 3 agreements indexed on this site.

What the filing does not tell you

This page cannot tell you balance transfer terms and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

The original filing, 9 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

34.7% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index. Note that the $216 annual fee falls due whether the card is used or not.