Platinum Disclosure

Platinum Disclosure 09 01 23, as filed by State Bank of Southern Utah, carries a 22.2% purchase APR and no annual fee. The purchase rate sits at roughly the 50th percentile of the 4,587 agreements indexed here.

What this filing discloses

State Bank of Southern Utah filed this agreement for Platinum Disclosure 09 01 23 with the Consumer Financial Protection Bureau. The filing runs four pages, and It is issued on the Visa network.

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

Where the purchase APR sits

22.2% puts the purchase APR near the 50th percentile across 2,280 agreements, so it is about typical for the filings collected here.

What a balance actually costs

Carry $2,000 on this card for a year without paying it down and the purchase rate alone generates roughly $497 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $492. The gap — roughly $5 a year on $2,000 — is the price of this particular filing over a typical one.

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

Where the fees are

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Cash advances carry a cash advance fee of 2%.

The no-interest path

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

The $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

The downside terms

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

How it sits in the issuer's own range

This is one of 4 State Bank of Southern Utah agreements collected here. Across that lineup purchase rates span 15.2% to 22.2%; this filing's 22.2% sits above 2 of the comparable ones.

What you cannot learn from the filing

Absent from the captured terms: balance transfer terms, a foreign transaction fee and 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.

Reading the agreement yourself

The original filing, 4 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

22.2% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.