Secured Visa Credit Card ASSENT PLATINUM Summary of Credit Terms and Rates

The Secured Visa Credit Card ASSENT PLATINUM Summary of Credit Terms and Rates filing from Pinnacle Bank - Synovus Bank Branch sets out a 24.74% purchase APR and a $29 annual fee. Against the 4,587 filings on this site, that rate lands around the 59th percentile.

What this filing discloses

Pinnacle Bank - Synovus Bank Branch filed this agreement for Secured Visa Credit Card ASSENT PLATINUM Summary of Credit Terms and Rates with the Consumer Financial Protection Bureau. The filing runs one page, and It is issued on the Visa network.

Terms captured from the document include a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. It is silent on a balance transfer rate, a penalty rate and a foreign transaction fee.

Collateral and the deposit

This is a secured agreement — the credit line is collateralised by a deposit. The disclosure table captured on this page covers pricing only; the mechanics of the deposit live in the body of the document.

For context, the 24.74% purchase rate lands around the 59th percentile of all the agreements on this site, which is the useful comparison regardless of the deposit.

The purchase rate in context

The purchase APR of 24.74% places this agreement around the 59th percentile of the set — it sits close to the middle of the corpus.

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.

The cost of carrying a balance

The purchase rate turns a $4,000 revolving balance into roughly $1,122 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $983 on that balance. This one charges about $139 more per year.

Month to month it reads as about $82.14 per cycle on that balance.

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.

Paying in full

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

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

Penalty pricing and late fees

$39 is the disclosed ceiling on a late payment fee, placing it near the 63rd percentile of the set.

The fee structure

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.

One way to size that fee: at the card's own purchase rate of 24.74%, $29 is roughly the interest a balance of about $117 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

Taking cash against the card means a cash advance fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 24.74%. Advances under roughly $333 are charged the flat $10; larger ones are charged 3%.

Inside Pinnacle Bank - Synovus Bank Branch's filed lineup

There are 21 filings from Pinnacle Bank - Synovus Bank Branch in this index. The issuer's own range is 10.74%–26.99%. At 24.74%, this agreement is dearer than 6 of its siblings.

What you cannot learn from the filing

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

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.

Where the authority sits

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

The pricing here is middling by the standards of the index — 24.74% on purchases is near enough to typical. Against that sits the $29 annual fee, which is unavoidable once the account is open.