visa disclosure

On the record for visa disclosure: a purchase APR of 10.5%–18%, no annual fee, a 1.9% introductory rate and a 18% penalty rate, filed by American Airlines Federal Credit Union. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

What the document actually states

American Airlines Federal Credit Union submitted the terms for visa disclosure to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs four pages.

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

The filing bundles multiple products into one disclosure table. Any figure quoted here may describe a related card in the same filing, so the PDF should be read before treating these numbers as this card's own.

Introductory pricing

A promotional rate of 1.9% applies for nine months under this agreement — lower than the standard rate, but not free.

Among the 763 filings here that disclose an introductory rate, 1.9% sits at about the 62nd percentile.

The go-to rate is 18%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $493 a year on $2,500.

The purchase APR against the corpus

The purchase APR is quoted as a range of 10.5% to 18%. That 7.5-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 12th percentile of filed purchase rates; the ceiling sits at about the 34th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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 $1,000 revolving balance into roughly $197 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,000 would cost about $246 a year. This filing saves roughly $49 annually against that benchmark.

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

The no-interest path

Purchases carry a 23-day grace period: pay the statement in full inside it and the purchase rate never applies. The typical filing here allows 25 days, so this one is tighter than most.

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

The downside terms

A penalty APR of 18% 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 19th percentile.

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

What the card costs before you borrow

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.

Taking cash against the card means a cash advance fee of $2 and a cash advance APR of 10.5%.

The filing discloses a 10.5% balance transfer rate without an accompanying fee figure.

Foreign transactions attract 1%. On $2,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

The issuer's other agreements

American Airlines Federal Credit Union has 5 agreements indexed on this site.

What you cannot learn from the filing

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 — four pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 18% on purchases is near enough to typical. With no annual fee, the cost of the account is entirely a function of whether a balance is carried. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.