Card Services Visa Pricing Addendum

On the record for 014154 Card Services Visa Pricing Addendum: a 28.49% purchase APR, no annual fee and a 32% introductory rate, filed by UMB Financial. That purchase rate ranks near the 68th percentile across this corpus of 4,587 filings.

On the face of the filing

UMB Financial submitted the terms for 014154 Card Services Visa Pricing Addendum to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs one page.

On the record here: a purchase rate, a balance transfer rate, an annual fee line, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a penalty rate and a late payment maximum.

The promotional period

The filing discloses an introductory rate of 32% but no term for it.

Among the 763 filings here that disclose an introductory rate, 32% sits at about the 100th percentile.

Behind the promotion sits a 28.49% purchase rate. On $2,500 that is in the region of $824 a year once the window closes.

Pricing the purchase rate

Set beside the rest of the index, the purchase APR of 28.49% lands at the 68th percentile; it runs above the midpoint of the corpus.

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.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

What a balance actually costs

A $2,500 balance left untouched for twelve months accrues about $824 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $2,500 would run about $615 a year, so this card costs in the region of $209 more annually for the identical balance.

Note the $0.50 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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

Charges beyond interest

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Taking cash against the card means a cash advance fee of $50.

The filing discloses a 25.49% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 2% — about $30 on $1,500 of purchases, independent of interest.

Paying in full

The filing gives 21 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. The typical filing here allows 25 days, so this one is tighter than most.

The $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Inside UMB Financial's filed lineup

UMB Financial has 12 agreements indexed on this site. The issuer's own range is 18%–32%. At 28.49%, this agreement is dearer than 3 of its siblings.

3 of the issuer's other 4 disclosing filings are likewise fee-free.

The limits of this document

Absent from the captured terms: penalty pricing. 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 original filing, 1 page long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

28.49% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.