Card Disclosure

The Card Disclosure 172 filing from TIB, National Association sets out a 15.24% purchase APR, a $35 annual fee, a 5.9% introductory rate and a 21% penalty rate. The purchase rate sits at roughly the 15th percentile of the 4,587 agreements indexed here.

On the face of the filing

What follows is drawn entirely from TIB, National Association's CFPB filing for Card Disclosure 172. The filing runs four pages.

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

The introductory rate

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.

What matters more than the promotion is the rate waiting behind it: 15.24%. A $1,000 balance that survives the promotional window costs roughly $165 a year from that point on.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 15.24% lands at the 15th percentile; it sits well down in the cheaper fifth of the set.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

What a balance actually costs

The purchase rate turns a $1,500 revolving balance into roughly $247 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,500 would cost about $369 a year. This filing saves roughly $122 annually against that benchmark.

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.

The downside terms

If the account defaults, the filing permits a rate of 21%. Among disclosing agreements here that ranks near the 29th percentile.

Measured in money, moving from 15.24% to 21% costs an extra $138 or so annually on $2,000 — a far larger number than any single late fee.

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

What the card costs before you borrow

$35 a year is the disclosed annual fee, which ranks near the 82nd percentile of the fees filed across this corpus.

One way to size that fee: at the card's own purchase rate of 15.24%, $35 is roughly the interest a balance of about $230 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

The filing states the fee is waived for the first year, so the $35 is a second-year cost rather than an immediate one.

Balance transfers cost $10 or 3% of the amount transferred, whichever is greater up front and then accrue at 15.24%. Transferring $7,500 would cost roughly $225 at the door.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

How it sits in the issuer's own range

TIB, National Association has 52 agreements indexed on this site. The issuer's own range is 9.25%–17.49%. At 15.24%, this agreement is dearer than 21 of its siblings.

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

What is outside the disclosure

Absent from the captured terms: anything about cash advances 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.

Go to the source

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

15.24% 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.