Credit Card

The Credit Card filing from Advancial Federal Credit Union sets out a purchase APR of 9.9%–16.9%, no annual fee and a 12-month 0% opening period. The purchase rate sits at roughly the 20th percentile of the 4,587 agreements indexed here.

What the document actually states

What follows is drawn entirely from Advancial Federal Credit Union's CFPB filing for Credit Card. The filing runs one page, and It is issued on the Visa network.

The filing is explicit about a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. A balance transfer rate and a penalty rate are not stated.

The interest-free window

This agreement opens at 0% for 12 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.

The go-to rate is 16.9%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $460 a year on $2,500.

Put the other way round, the 12-month zero rate is worth roughly $460 on a $2,500 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

The purchase rate in context

This is a tiered agreement: the filing discloses a purchase APR anywhere from 9.9% to 16.9%, a spread of 7 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 10th percentile at the bottom and the 20th at the top.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The arithmetic of revolving

A $3,000 balance left untouched for twelve months accrues about $552 in interest at this purchase rate.

A typical filing in this index would charge about $738 on that balance; this one is roughly $185 a year below it.

Broken down to a single thirty-day cycle, the same balance accrues roughly $41.95.

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

Fees, and what triggers them

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.

Cash advances carry a cash advance fee of 3% and a cash advance APR of 9.9%.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

When a payment is late

On the fee side, a late payment can cost up to $10, which is around the 6th percentile here.

Paying in full

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.

How it sits in the issuer's own range

Advancial Federal Credit Union has 7 agreements indexed on this site. Across that lineup purchase rates span 14.9% to 16.9%; this filing's 16.9% sits above 1 of the comparable ones.

The limits of this document

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

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.

Where the authority sits

Everything here is a reading of the filed agreement, one page of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 16.9% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.