northwest rewards credit card disclosure

The northwest rewards credit card disclosure 120224 filing from Northwest Bank sets out a purchase APR of 17.49%–21.99%, no annual fee, a 8.99% introductory rate and a 21.99% penalty rate. That purchase rate ranks near the 49th percentile across this corpus of 4,587 filings.

On the face of the filing

northwest rewards credit card disclosure 120224 is one of the agreements Northwest Bank has on file with the CFPB. It is issued on the Visa network and the filing runs 14 pages.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

Introductory pricing

An introductory rate of 8.99% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 8.99% sits at about the 91st percentile.

The go-to rate is 21.99%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $246 a year on $1,000.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 17.49% to 21.99%, a spread of 4.5 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 47th percentile of filed purchase rates; the ceiling sits at about the 49th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

The cost of carrying a balance

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $615 in interest.

With the corpus median at 21.99%, the cost is effectively indistinguishable from the typical agreement here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $45.58.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Charges beyond interest

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Cash advances carry a cash advance fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 21.99%. The two halves of that fee cross at about $333: below it the flat $10 applies, above it the percentage does.

The transfer fee is $10 or 3% of the amount transferred, whichever is greater; transferred balances then run at 14.49%. On $1,000 that fee is about $30 before any interest is charged.

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

What a missed payment costs

A penalty APR of 21.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 32nd percentile.

$35 is the disclosed ceiling on a late payment fee, placing it near the 54th percentile of the set.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

The $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Against the rest of Northwest Bank's filings

Northwest Bank has 3 agreements indexed on this site. The issuer's own range is 17.74%–35%. At 21.99%, this agreement is dearer than 1 of its siblings.

What the filing does not tell you

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.

Reading the agreement yourself

Everything here is a reading of the filed agreement, 14 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The pricing here is middling by the standards of the index — 21.99% on purchases is near enough to typical.