Petal 1 With Expanded Cash Like Transactions CHA

On the record for Petal 1 With Expanded Cash Like Transactions CHA 3 11 2025: a purchase APR of 28.99%–33.99% and a $5 annual fee, filed by Webbank. The purchase rate sits at roughly the 79th percentile of the 4,587 agreements indexed here.

What this filing discloses

What follows is drawn entirely from Webbank's CFPB filing for Petal 1 With Expanded Cash Like Transactions CHA 3 11 2025. The filing runs 30 pages, and It is issued on the Visa network.

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

The purchase APR against the corpus

This is a tiered agreement: the filing discloses a purchase APR anywhere from 28.99% to 33.99%, a spread of 5 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Those two numbers occupy very different places in the corpus: roughly the 73rd percentile at the bottom and the 79th at the top.

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.

What the rate means in dollars

The purchase rate turns a $2,000 revolving balance into roughly $809 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $492 on that balance. This one charges about $317 more per year.

Month to month it reads as about $56.64 per cycle on that balance.

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

The no-interest path

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That is shorter than the 25-day corpus median.

When a payment is late

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

The fee structure

Holding the card costs $5 a year before any transaction takes place — about the 76th percentile among agreements in this index that state a fee.

The filing states the fee is waived for the first year, so the $5 is a second-year cost rather than an immediate one.

How it sits in the issuer's own range

Webbank has 23 agreements indexed on this site. The issuer's own range is 19.99%–36%. At 33.99%, this agreement is dearer than 7 of its siblings.

Its $5 annual fee is higher than 8 of the 12 sibling filings that state one.

The limits of this document

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and 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

This summary stands or falls on the linked PDF — 30 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 33.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The $5 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.