Credit Card Agreement

Regions Bank's filed agreement for Credit Card Agreement discloses a 26.49% purchase APR and a $29 annual fee. That purchase rate ranks near the 63rd percentile across this corpus of 4,587 filings.

What the document actually states

Credit Card Agreement is one of the agreements Regions Bank has on file with the CFPB. It is issued on the Visa network and the filing runs 19 pages.

The filing is explicit about 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 purchase rate in context

Ranked against the corpus, this purchase APR — 26.49% — sits at approximately the 63rd percentile and is dearer than the typical filing.

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.

What the rate means in dollars

Carry $1,000 on this card for a year without paying it down and the purchase rate alone generates roughly $303 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $246. The gap — roughly $57 a year on $1,000 — is the price of this particular filing over a typical one.

Broken down to a single thirty-day cycle, the same balance accrues roughly $22.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Where the fees are

$29 a year is the disclosed annual fee, which ranks near the 80th percentile of the fees filed across this corpus.

Expressed in the card's own terms, the $29 fee equals about a year's interest on a $109 balance at the disclosed 26.49% purchase rate.

Taking cash against the card means a cash advance fee of $10 or 4% of the advance, whichever is greater and a cash advance APR of 28.49%. The premium over purchases is 2 percentage points. The two halves of that fee cross at about $250: below it the flat $10 applies, above it the percentage does.

Moving a balance onto this card carries an up-front charge of $10 or 4% of the amount transferred, whichever is greater, with the transferred balance priced at 26.49%. On $7,500 that fee is about $300 before any interest is charged.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

The downside terms

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

Grace period and minimum charge

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. The typical filing here allows 25 days, so this one is tighter than most.

A minimum interest charge of $1.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

What you cannot learn from the filing

Absent from the captured terms: penalty pricing. 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.

Inside Regions Bank's filed lineup

There are 3 filings from Regions Bank in this index. The issuer's own range is 17.49%–28.49%. At 26.49%, this agreement is dearer than 1 of its siblings.

Where the authority sits

The filed PDF is linked from this page and runs 19 pages. 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 — 26.49% on purchases is near enough to typical. Note that the $29 annual fee falls due whether the card is used or not.