AGMNT 257210 Disclosure MC Secured ENG

AGMNT 257210 Disclosure MC Secured ENG, as filed by Oriental Bank, carries a 19.95% purchase APR, a $10 annual fee and a 1.99% introductory rate. The purchase rate sits at roughly the 42nd percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

This page covers the agreement Oriental Bank filed for AGMNT 257210 Disclosure MC Secured ENG. It is issued on the Mastercard network and the filing runs one page.

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

The introductory rate

The introductory rate is 1.99%, held for six months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 1.99% sits at about the 66th percentile.

Once the introductory period ends the rate becomes 19.95%, which turns a lingering $5,000 balance into approximately $1,104 of annual interest.

The purchase rate in context

At 19.95%, the purchase APR falls at roughly the 42nd percentile of the 2,280 filings indexed here, which sits close to the middle of the corpus.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What the rate means in dollars

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $265 in interest.

Measured against the 21.99% corpus median, the same $1,200 costs approximately $30 less per year here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $19.83.

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.

Fees, and what triggers them

The annual fee is $10, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 76th percentile.

Expressed in the card's own terms, the $10 fee equals about a year's interest on a $50 balance at the disclosed 19.95% purchase rate.

For cash advances the filing discloses a cash advance APR of 29.99%. The premium over purchases is 10.04 percentage points.

The transfer fee is $2 or 2% of the amount transferred, whichever is greater; transferred balances then run at 19.95%. Shifting $7,500 across attracts something like $150 in fees on day one.

Foreign transactions attract 1%. On $1,000 of overseas spending that is $10, charged on top of whatever exchange rate applies.

When a payment is late

Late payments are capped at $10 under this filing, about the 6th percentile of late fee maximums in the corpus.

The no-interest path

Purchases carry a 21-day grace period: pay the statement in full inside it and the purchase rate never applies. The typical filing here allows 25 days, so this one is tighter than most.

The $1.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

What is outside the disclosure

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

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.

Against the rest of Oriental Bank's filings

There are 13 filings from Oriental Bank in this index. Across that lineup purchase rates span 23.95% to 24.95%; this filing's 19.95% sits above 0 of the comparable ones.

Among the issuer's other filings that disclose a fee, 0 of 3 come in below this card's $10.

Go to the source

The filed PDF is linked from this page and runs one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

19.95% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Against that sits the $10 annual fee, which is unavoidable once the account is open.