WTB Personal Credit Card Disclosure 9

Washington Trust Bank's filed agreement for WTB Personal Credit Card Disclosure 9 2022 discloses a 0% purchase APR, no annual fee, a six-month 0% opening period and a 22.24% penalty rate. That purchase rate ranks near the 1st percentile across this corpus of 4,587 filings.

What the agreement puts on the record

The document behind this page is Washington Trust Bank's filed agreement for WTB Personal Credit Card Disclosure 9 2022. The filing runs one page, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

What the promotional rate is worth

This agreement opens at 0% for six months, the only period in the document where carrying a balance is free.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Once the introductory period ends the rate becomes 0%, which turns a lingering $2,500 balance into approximately $0 of annual interest.

The purchase rate in context

Set beside the rest of the index, the purchase APR of 0% lands at the 1st percentile; it sits in the bottom few percent of everything filed.

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.

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.

The arithmetic of revolving

The purchase rate turns a $1,500 revolving balance into roughly $0 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,500 would cost about $369 a year. This filing saves roughly $369 annually against that benchmark.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

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.

The fee structure

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Cash advances carry a cash advance fee of 4% and a cash advance APR of 16.24%. That is 16.24 points above the purchase rate.

Balance transfers cost 4% of the amount transferred up front and then accrue at 14.24%. On $5,000 that fee is about $200 before any interest is charged.

The filing sets a 3% foreign transaction fee, which adds roughly $30 to $1,000 spent outside the United States.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The downside terms

A penalty APR of 22.24% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 32nd percentile.

Measured in money, moving from 0% to 22.24% costs an extra $622 or so annually on $2,500 — a far larger number than any single late fee.

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

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

What you cannot learn from the filing

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.

Inside Washington Trust Bank's filed lineup

Washington Trust Bank has 6 agreements indexed on this site. Every one of the others that discloses a purchase rate discloses the same 0%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

The document itself

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

0% places this filing at the inexpensive end of the set, which is the headline here.