Visa Platinum Disclosure

Americas First Federal Credit Union's filed agreement for Visa Platinum Disclosure discloses a 7.8% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 3rd percentile.

What the document actually states

This page covers the agreement Americas First Federal Credit Union filed for Visa Platinum Disclosure. The filing runs one page, and It is issued on the Visa network.

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

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.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 7.8% lands at the 3rd percentile; it sits in the bottom few percent of everything filed.

What the rate means in dollars

Put $1,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $81.

Measured against the 21.99% corpus median, the same $1,000 costs approximately $165 less per year here.

Per statement cycle that is on the order of $6.43 on $1,000, which is the number that actually shows up on a bill.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

Default pricing

$27 is the disclosed ceiling on a late payment fee, placing it near the 45th percentile of the set.

Where the fees are

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.

Transferred balances are priced at 11.8%; no separate transfer fee was captured from the filing.

The issuer's other agreements

This is one of 11 Americas First Federal Credit Union agreements collected here. Their disclosed purchase rates run from 8.8% to 14.8%, and this one at 7.8% is more expensive than 0 of them.

What is outside the disclosure

This page cannot tell you anything about cash advances, a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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

The filed PDF is linked from this page and runs one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

7.8% places this filing at the inexpensive end of the set, which is the headline here. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.