Classic Mastercard Disclosure

On the record for Classic Mastercard Disclosure: a purchase APR of 9.49%–17.99%, no annual fee, a 0% opening rate and a 17.99% penalty rate, filed by Texas Dow Employees Credit Union. The purchase rate sits at roughly the 28th percentile of the 4,587 agreements indexed here.

What the document actually states

Classic Mastercard Disclosure is one of the agreements Texas Dow Employees Credit Union has on file with the CFPB. The filing runs 12 pages, and It is issued on the Mastercard network.

The disclosure covers a purchase rate, a cash advance rate, a penalty rate, an annual fee line and a late payment maximum. It is silent on a balance transfer rate, a foreign transaction fee and a grace period.

The interest-free window

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 $5,000 that is in the region of $985 a year once the window closes.

The purchase APR against the corpus

The purchase APR is quoted as a range of 9.49% to 17.99%. That 8.5-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

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.

The cost of carrying a balance

The purchase rate turns a $5,000 revolving balance into roughly $985 of annual interest.

A typical filing in this index would charge about $1,229 on that balance; this one is roughly $244 a year below it.

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.

When a payment is late

The agreement discloses penalty pricing of 17.99% — about the 12th percentile of the 794 penalty rates recorded across this index.

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

Charges beyond interest

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 9.49%.

How it sits in the issuer's own range

Texas Dow Employees Credit Union has 14 agreements indexed on this site. Every one of the others that discloses a purchase rate discloses the same 17.99%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

What you cannot learn from the filing

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

The document itself

This summary stands or falls on the linked PDF — 12 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 17.99% on purchases is near enough to typical. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.