UMB Visa Pricing Addendum CFPB Secured CC

On the record for 096122 UMB Visa Pricing Addendum CFPB Secured CC: a 32% purchase APR and a $29 annual fee, filed by UMB Financial. Against the 4,587 filings on this site, that rate lands around the 76th percentile.

What this filing discloses

UMB Financial submitted the terms for 096122 UMB Visa Pricing Addendum CFPB Secured CC to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs one page.

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

Collateral and the deposit

The product name identifies this as a secured card, which means the account is backed by a deposit the cardholder provides. The filing indexed here discloses rates and fees; it is the agreement text that governs how the deposit is held, when it is applied and under what conditions it is returned.

Securing the line has not placed this agreement at the bottom of the market — 32% ranks near the 76th percentile across every filing indexed here.

The purchase rate in context

Ranked against the corpus, this purchase APR — 32% — sits at approximately the 76th percentile and sits in the more expensive half.

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.

Translating the rate into money

At the disclosed purchase APR, $2,500 revolving for a full year costs something like $942 in interest.

A card priced at the corpus median of 21.99% would charge roughly $615 on that balance. This one charges about $328 more per year.

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

Charges beyond interest

$29 a year is the disclosed annual fee, which ranks near the 80th percentile of the fees filed across this corpus.

For scale, $29 is approximately what $91 of revolving balance would cost in interest over twelve months at this card's 32% rate.

For cash advances the filing discloses a cash advance fee of $50 and a cash advance APR of 32%.

Foreign transactions carry no fee. Only about 22% of the filings here that disclose a foreign transaction fee set it at zero, so this is a genuine point of difference.

The grace period

Purchases carry a 21-day grace period: pay the statement in full inside it and the purchase rate never applies. That is shorter than the 25-day corpus median.

Where interest applies at all, the filing bills at least $0.50. On a tiny balance that floor can dwarf the rate itself.

The issuer's other agreements

UMB Financial has 12 agreements indexed on this site. Across that lineup purchase rates span 18% to 28.49%; this filing's 32% sits above 5 of the comparable ones.

Its $29 annual fee is higher than 4 of the 4 sibling filings that state one.

What is outside the disclosure

This page cannot tell you balance transfer terms and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

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

The pricing here is middling by the standards of the index — 32% on purchases is near enough to typical. Note that the $29 annual fee falls due whether the card is used or not.