Card Disclosure

On the record for Card Disclosure 183: a 15.24% purchase APR, no annual fee, a 2.9% introductory rate and a 21% penalty rate, filed by TIB, National Association. That purchase rate ranks near the 15th percentile across this corpus of 4,587 filings.

What the document actually states

TIB, National Association submitted the terms for Card Disclosure 183 to the CFPB's agreement database; this is what they contain. The filing runs four pages.

The filing is explicit about 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.

Introductory pricing

The introductory rate is 2.9%, held for six months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 2.9% sits at about the 73rd percentile.

What matters more than the promotion is the rate waiting behind it: 15.24%. A $3,000 balance that survives the promotional window costs roughly $494 a year from that point on.

The purchase rate in context

The purchase APR of 15.24% places this agreement around the 15th percentile of the set — it reads as inexpensive against the rest of the filings.

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.

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

What the rate means in dollars

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $198 in interest.

Priced at the median of 21.99%, that balance would generate about $295 in a year — so this agreement comes in around $98 cheaper for the same debt.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Charges beyond interest

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Transferred balances are priced at 15.24%; no separate transfer fee was captured from the filing.

Default pricing

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.

The grace period

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

Against the rest of TIB, National Association's filings

52 separate TIB, National Association filings appear in the corpus. Their disclosed purchase rates run from 9.25% to 17.49%, and this one at 15.24% is more expensive than 21 of them.

10 of the issuer's other 45 disclosing filings are likewise fee-free.

What you cannot learn from the filing

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.

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.

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

At 15.24% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.