Business Credit Card Agreement and Disclosure

On the record for Business Credit Card Agreement and Disclosure: a purchase APR of 14.2%–19.2%, no annual fee and a 0% opening rate, filed by The St. Marys State Bank. That purchase rate ranks near the 41st percentile across this corpus of 4,587 filings.

On the face of the filing

Business Credit Card Agreement and Disclosure is one of the agreements The St. Marys State Bank has on file with the CFPB. The filing runs ten pages, and It is issued on the Visa network.

Terms captured from the document include a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. It is silent on a balance transfer rate and a penalty rate.

Zero percent, and then what

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

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

Once the introductory period ends the rate becomes 19.2%, which turns a lingering $3,000 balance into approximately $635 of annual interest.

Pricing the purchase rate

The purchase APR is quoted as a range of 14.2% to 19.2%. That 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.

The floor of that band sits at about the 28th percentile of filed purchase rates; the ceiling sits at about the 41st. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

Translating the rate into money

Carry $5,000 on this card for a year without paying it down and the purchase rate alone generates roughly $1,058 in interest.

Measured against the 21.99% corpus median, the same $5,000 costs approximately $171 less per year here.

Per statement cycle that is on the order of $79.51 on $5,000, which is the number that actually shows up on a bill.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Default pricing

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

Charges beyond interest

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Taking cash against the card means a cash advance APR of 14.2%.

A balance transfer costs $10 or 4% of the amount transferred, whichever is greater up front. The filing does not separately state the rate applied to transferred balances. Shifting $3,000 across attracts something like $120 in fees on day one.

The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

The $1 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Against the rest of The St. Marys State Bank's filings

The St. Marys State Bank has 3 agreements indexed on this site. The others all file the same 15.2% purchase rate. Whatever separates these products, it is not the cost of borrowing.

The limits of this document

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

The document itself

The original filing, 10 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

At 19.2% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.