UMB Visa Pricing Addendum CFPB Variable APR

056122 UMB Visa Pricing Addendum CFPB Variable APR, as filed by UMB Financial, carries a 28.49% purchase APR, no annual fee and a 32% introductory rate. Against the 4,587 filings on this site, that rate lands around the 68th percentile.

The disclosed terms

What follows is drawn entirely from UMB Financial's CFPB filing for 056122 UMB Visa Pricing Addendum CFPB Variable APR. It is issued on the Visa network and the filing runs one page.

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

The promotional period

An introductory rate of 32% appears without a disclosed duration.

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

What matters more than the promotion is the rate waiting behind it: 28.49%. A $2,000 balance that survives the promotional window costs roughly $659 a year from that point on.

The purchase rate in context

The purchase APR of 28.49% places this agreement around the 68th percentile of the set — it sits in the more expensive half.

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.

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

The cost of carrying a balance

The purchase rate turns a $2,500 revolving balance into roughly $824 of annual interest.

Against the corpus median of 21.99%, that is approximately $209 a year of extra interest on the same $2,500.

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.

What the card costs before you borrow

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.

For cash advances the filing discloses a cash advance fee of $50.

The filing discloses a 23.49% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 2% — about $100 on $5,000 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. With a corpus median of 25 days, this window is narrower than the norm.

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

12 separate UMB Financial filings appear in the corpus. Their disclosed purchase rates run from 18% to 32%, and this one at 28.49% is more expensive than 3 of them.

On fees, 3 of the 4 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What the filing does not tell you

Absent from the captured terms: penalty pricing. 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 one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 28.49% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The absence of an annual fee means the rate is the only thing that can make this card expensive.