Agreement Secured Credit Card June Pricing R

PNC Bank's filed agreement for Agreement Secured Credit Card June Pricing R discloses a $36 annual fee and a 16.74% penalty rate.

What the agreement puts on the record

The document behind this page is PNC Bank's filed agreement for Agreement Secured Credit Card June Pricing R. The filing runs seven pages.

On the record here: a penalty rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a purchase rate, a cash advance rate and a balance transfer rate.

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

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.

The downside terms

A penalty APR of 16.74% 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 7th percentile.

The maximum late fee is $8 — roughly the 4th percentile of the late fee ceilings disclosed across this index.

Fees, and what triggers them

The annual fee is $36, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 86th percentile.

Foreign transactions attract 3%. On $1,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

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

The no-interest path

The filing gives 21 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. With a corpus median of 25 days, this window is narrower than the norm.

The $1.50 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 PNC Bank's filings

PNC Bank has 7 agreements indexed on this site.

What is outside the disclosure

Absent from the captured terms: a purchase rate, anything about cash advances and balance transfer terms. The original document is the place to look for any of these.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Reading the agreement yourself

This summary stands or falls on the linked PDF — seven pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

Note that the $36 annual fee falls due whether the card is used or not. Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.