Card Disclosure

On the record for Card Disclosure 132: a 17.49% purchase APR, a $35 annual fee, a 5.9% introductory rate and a 21% penalty rate, filed by TIB, National Association. That purchase rate ranks near the 22nd percentile across this corpus of 4,587 filings.

What this filing discloses

TIB, National Association submitted the terms for Card Disclosure 132 to the CFPB's agreement database; this is what they contain. The filing runs four pages.

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

Introductory pricing

A promotional rate of 5.9% applies for six months under this agreement — lower than the standard rate, but not free.

Among the 763 filings here that disclose an introductory rate, 5.9% sits at about the 88th percentile.

Behind the promotion sits a 17.49% purchase rate. On $2,000 that is in the region of $382 a year once the window closes.

The purchase APR against the corpus

17.49% puts the purchase APR near the 22nd percentile across 2,280 agreements, so it comes in under the midpoint of the corpus.

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.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The arithmetic of revolving

A $1,500 balance left untouched for twelve months accrues about $287 in interest at this purchase rate.

A typical filing in this index would charge about $369 on that balance; this one is roughly $82 a year below it.

Month to month it reads as about $21.71 per cycle on that balance.

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.

Charges beyond interest

Holding the card costs $35 a year before any transaction takes place — about the 82nd percentile among agreements in this index that state a fee.

Expressed in the card's own terms, the $35 fee equals about a year's interest on a $200 balance at the disclosed 17.49% purchase rate.

Year one is free of the fee per the filing; $35 applies thereafter.

Balance transfers cost $10 or 3% of the amount transferred, whichever is greater up front and then accrue at 17.49%. Transferring $3,000 would cost roughly $90 at the door.

What a missed payment costs

The agreement discloses penalty pricing of 21% — about the 29th percentile of the 794 penalty rates recorded across this index.

Measured in money, moving from 17.49% to 21% costs an extra $43 or so annually on $1,000 — a far larger number than any single late fee.

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

Grace period and minimum charge

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.

Inside TIB, National Association's filed lineup

There are 52 filings from TIB, National Association in this index. The issuer's own range is 9.25%–17.49%. At 17.49%, this agreement is dearer than 35 of its siblings.

Among the issuer's other filings that disclose a fee, 11 of 45 come in below this card's $35.

What you cannot learn from the filing

This page cannot tell you anything about cash advances and a foreign transaction fee, 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

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

In short

17.49% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Note that the $35 annual fee falls due whether the card is used or not.