Classic Mastercard Application 10

On the record for Classic Mastercard Application 10 2024: a purchase APR of 9.49%–17.99%, no annual fee and a 0% opening rate, filed by Texas Dow Employees Credit Union. That purchase rate ranks near the 28th percentile across this corpus of 4,587 filings.

On the face of the filing

What follows is drawn entirely from Texas Dow Employees Credit Union's CFPB filing for Classic Mastercard Application 10 2024. It is issued on the Mastercard network and the filing runs 15 pages.

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

Zero percent, and then what

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

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

Behind the promotion sits a 17.99% purchase rate. On $2,500 that is in the region of $493 a year once the window closes.

Pricing the purchase rate

Rather than a single purchase rate, the document gives a band — 9.49% at the bottom, 17.99% at the top, 8.5 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Those two numbers occupy very different places in the corpus: roughly the 8th percentile at the bottom and the 28th at the top.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What the rate means in dollars

A $1,000 balance left untouched for twelve months accrues about $197 in interest at this purchase rate.

The corpus median purchase rate is 21.99%, which on the same $1,000 would cost about $246 a year. This filing saves roughly $49 annually against that benchmark.

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

What the card costs before you borrow

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.

Taking cash against the card means a cash advance APR of 9.49%. 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.

The downside terms

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

Inside Texas Dow Employees Credit Union's filed lineup

14 separate Texas Dow Employees Credit Union filings appear in the corpus. The others all file the same 17.99% purchase rate. Whatever separates these products, it is not the cost of borrowing.

What you cannot learn from the filing

This page cannot tell you balance transfer terms, a foreign transaction fee, a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

The original filing, 15 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

17.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.