Important Disclosures FLElite

On the record for Important Disclosures FLElite 110425: a 23.74% purchase APR and a $29 annual fee, filed by Pinnacle Bank - Synovus Bank Branch. That purchase rate ranks near the 56th percentile across this corpus of 4,587 filings.

The disclosed terms

The document behind this page is Pinnacle Bank - Synovus Bank Branch's filed agreement for Important Disclosures FLElite 110425. The filing runs three pages, and It is issued on the Mastercard network.

The disclosure covers a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a balance transfer rate and a penalty rate.

The purchase rate in context

Ranked against the corpus, this purchase APR — 23.74% — sits at approximately the 56th percentile and lands near the median.

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

Put $5,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,339.

A card priced at the corpus median of 21.99% would charge roughly $1,229 on that balance. This one charges about $110 more per year.

Per statement cycle that is on the order of $98.49 on $5,000, which is the number that actually shows up on a bill.

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.

Charges beyond interest

The annual fee is $29, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 80th percentile.

For cash advances the filing discloses a cash advance fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 28.74%. That is 5 points above the purchase rate. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Spending abroad costs an extra 3% — about $150 on $5,000 of purchases, independent of interest.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

What a missed payment costs

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

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

Inside Pinnacle Bank - Synovus Bank Branch's filed lineup

There are 21 filings from Pinnacle Bank - Synovus Bank Branch in this index. Across that lineup purchase rates span 10.74% to 26.99%; this filing's 23.74% sits above 3 of the comparable ones.

Among the issuer's other filings that disclose a fee, 0 of 9 come in below this card's $29.

The limits of this document

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.

Go to the source

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

In short

At 23.74% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The $29 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.