Business Mastercard Disclosure

On the record for Business Mastercard Disclosure: a purchase APR of 14.49%–17.99%, no annual fee, a 0% opening rate and a 17.99% penalty rate, filed by Texas Dow Employees Credit Union. That purchase rate ranks near the 28th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

Texas Dow Employees Credit Union submitted the terms for Business Mastercard Disclosure to the CFPB's agreement database; this is what they contain. The filing runs 12 pages, and It is issued on the Mastercard network.

Terms captured from the document include a purchase rate, a cash advance rate, a penalty rate, an annual fee line and a late payment maximum. No figure appears for a balance transfer rate, a foreign transaction fee and a grace period.

The promotional period

The filing discloses a 0% introductory rate, though it does not state how long the promotional period runs.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

The go-to rate is 17.99%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $197 a year on $1,000.

Pricing the purchase rate

Rather than a single purchase rate, the document gives a band — 14.49% at the bottom, 17.99% at the top, 3.5 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 29th percentile of filed purchase rates; the ceiling sits at about the 28th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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

What a balance actually costs

A $4,000 balance left untouched for twelve months accrues about $788 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $983 in a year — so this agreement comes in around $195 cheaper for the same debt.

Month to month it reads as about $59.57 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.

Where the fees are

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

For cash advances the filing discloses a cash advance APR of 14.49%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Penalty pricing and late fees

If the account defaults, the filing permits a rate of 17.99%. Among disclosing agreements here that ranks near the 12th percentile.

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

Against the rest of Texas Dow Employees Credit Union's filings

There are 14 filings from Texas Dow Employees Credit Union in this index. The others all file the same 17.99% purchase rate. Whatever separates these products, it is not the cost of borrowing.

What the filing does not tell you

This page cannot tell you balance transfer terms, a foreign transaction fee and a grace period, 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.

Go to the source

The filed PDF is linked from this page and runs 12 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 17.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.