Secured Visa Credit PLATINUM SELECT MASTERCARD Summary of Agreement

Pinnacle Bank - Synovus Bank Branch's filed agreement for Secured Visa Credit PLATINUM SELECT MASTERCARD Summary of Agreement discloses a 14.74% purchase APR and a $39 annual fee. That purchase rate ranks near the 13th percentile across this corpus of 4,587 filings.

On the face of the filing

This page covers the agreement Pinnacle Bank - Synovus Bank Branch filed for Secured Visa Credit PLATINUM SELECT MASTERCARD Summary of Agreement. It is issued on the Mastercard network and the filing runs one page.

The disclosure covers 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.

A secured agreement

Secured cards work against a deposit held by the issuer. The rate and fee figures summarised here say nothing about the size of that deposit or the terms attached to it, both of which are matters for the agreement text itself.

For context, the 14.74% purchase rate lands around the 13th percentile of all the agreements on this site, which is the useful comparison regardless of the deposit.

Where the purchase APR sits

Measured against every other filing on the site, 14.74% is about the 13th percentile for purchase APR; it sits well down in the cheaper fifth of the set.

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

Translating the rate into money

The purchase rate turns a $2,500 revolving balance into roughly $397 of annual interest.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $218 cheaper for the same debt.

There is also a floor: the filing sets a minimum interest charge of $1.50, so any cycle that accrues less than that is billed at $1.50 anyway.

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 the card costs before you borrow

Holding the card costs $39 a year before any transaction takes place — about the 86th percentile among agreements in this index that state a fee.

Expressed in the card's own terms, the $39 fee equals about a year's interest on a $265 balance at the disclosed 14.74% purchase rate.

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 20.74%. Cash is therefore 6 points dearer than buying something with the card. The two halves of that fee cross at about $333: below it the flat $10 applies, above it the percentage does. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The downside terms

Late payments are capped at $28 under this filing, about the 46th percentile of late fee maximums in the corpus.

Paying in full

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

Where interest applies at all, the filing bills at least $1.50. On a tiny balance that floor can dwarf the rate itself.

How it sits in the issuer's own range

There are 21 filings from Pinnacle Bank - Synovus Bank Branch in this index. The issuer's own range is 10.74%–26.99%. At 14.74%, this agreement is dearer than 1 of its siblings.

Among the issuer's other filings that disclose a fee, 3 of 9 come in below this card's $39.

What is outside the disclosure

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.

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, one page of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The purchase rate of 14.74% is one of the cheaper figures in this index — the central point in the agreement's favour. Against that sits the $39 annual fee, which is unavoidable once the account is open.