Card Disclosure

The Card Disclosure 160 filing from TIB, National Association sets out a 11% purchase APR, a $35 annual fee and a 21% penalty rate. Against the 4,587 filings on this site, that rate lands around the 7th percentile.

What this filing discloses

Card Disclosure 160 is one of the agreements TIB, National Association has on file with the CFPB. The filing runs four pages.

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 and a foreign transaction fee.

Pricing the purchase rate

Set beside the rest of the index, the purchase APR of 11% lands at the 7th percentile; it sits well down in the cheaper fifth of the set.

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 $4,000 on this card for a year without paying it down and the purchase rate alone generates roughly $465 in interest.

A typical filing in this index would charge about $983 on that balance; this one is roughly $518 a year below it.

Broken down to a single thirty-day cycle, the same balance accrues roughly $36.32.

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.

Fees, and what triggers them

The annual fee is $35, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 82nd percentile.

Expressed in the card's own terms, the $35 fee equals about a year's interest on a $318 balance at the disclosed 11% purchase rate.

For cash advances the filing discloses a cash advance APR of 13%. That is 2 points above the purchase rate. 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

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

A default therefore reprices the debt by 10 points: about $352 a year more on $3,000, for as long as the penalty rate stands.

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

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

Against the rest of TIB, National Association's filings

TIB, National Association has 52 agreements indexed on this site. The issuer's own range is 9.25%–17.49%. At 11%, this agreement is dearer than 7 of its siblings.

Its $35 annual fee is higher than 11 of the 45 sibling filings that state one.

What is outside the disclosure

Absent from the captured terms: balance transfer terms and a foreign transaction fee. The original document is the place to look for any of these.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Reading the agreement yourself

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

In short

11% places this filing at the inexpensive end of the set, which is the headline here. Note that the $35 annual fee falls due whether the card is used or not.