Card Disclosure

The Card Disclosure 188 filing from TIB, National Association sets out a 14.9% purchase APR and a $35 annual fee. Against the 4,587 filings on this site, that rate lands around the 14th percentile.

What the document actually states

What follows is drawn entirely from TIB, National Association's CFPB filing for Card Disclosure 188. The filing runs four pages.

The disclosure covers a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a balance transfer rate, a penalty rate and a foreign transaction fee.

The purchase rate in context

The purchase APR of 14.9% places this agreement around the 14th percentile of the set — it sits well down in the cheaper fifth of the set.

What the rate means in dollars

Carry $3,000 on this card for a year without paying it down and the purchase rate alone generates roughly $482 in interest.

Priced at the median of 21.99%, that balance would generate about $738 in a year — so this agreement comes in around $256 cheaper for the same debt.

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

What a missed payment costs

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

The fee structure

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.

One way to size that fee: at the card's own purchase rate of 14.9%, $35 is roughly the interest a balance of about $235 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.

For cash advances the filing discloses a cash advance APR of 14.9%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Transfers are charged $10 or 3% of the amount transferred, whichever is greater, though no distinct transfer APR appears in the document. Transferring $2,000 would cost roughly $60 at the door.

The no-interest path

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

The issuer's other agreements

There are 52 filings from TIB, National Association in this index. Across that lineup purchase rates span 9.25% to 17.49%; this filing's 14.9% sits above 15 of the comparable ones.

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

The limits of this document

This page cannot tell you a foreign transaction fee and penalty pricing, 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.

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

The purchase rate of 14.9% is one of the cheaper figures in this index — the central point in the agreement's favour. Note that the $35 annual fee falls due whether the card is used or not.