Credit Card Opening Disclosure (Platinum) MXC20 C 1 011321 (MXC201 E) CUF 4 00%

The Credit Card Opening Disclosure (Platinum) MXC20 C 1 011321 (MXC201 E) CUF 4 00% filing from Allegacy Federal Credit Union sets out a 18% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

The disclosed terms

What follows is drawn entirely from Allegacy Federal Credit Union's CFPB filing for Credit Card Opening Disclosure (Platinum) MXC20 C 1 011321 (MXC201 E) CUF 4 00%. The filing runs three pages.

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

The purchase rate was taken from a row the filing did not clearly label, so there is some risk it describes a different balance type.

Where the purchase APR sits

Measured against every other filing on the site, 18% is about the 34th percentile for purchase APR; it sits below the middle of the distribution.

Translating the rate into money

Carry $3,000 on this card for a year without paying it down and the purchase rate alone generates roughly $591 in interest.

A typical filing in this index would charge about $738 on that balance; this one is roughly $146 a year below it.

Month to month it reads as about $44.70 per cycle on that balance.

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

The fee structure

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Cash advances carry a cash advance fee of $10 or 2% of the advance, whichever is greater. The two halves of that fee cross at about $500: below it the flat $10 applies, above it the percentage does.

Transfers are charged $5 or 1.5% of the amount transferred, whichever is greater, though no distinct transfer APR appears in the document. On $7,500 that fee is about $113 before any interest is charged.

Spending abroad costs an extra 1% — about $30 on $3,000 of purchases, independent of interest.

The downside terms

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

Grace period and minimum charge

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

The issuer's other agreements

Allegacy Federal Credit Union has 5 agreements indexed on this site.

What the filing does not tell you

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Where the authority sits

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

In short

18% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.