VISA Classic Account Opening Disclosure

The VISA Classic Account Opening Disclosure filing from Americu Credit Union sets out a 13.9% purchase APR and no annual fee. The purchase rate sits at roughly the 12th percentile of the 4,587 agreements indexed here.

What this filing discloses

Americu Credit Union filed this agreement for VISA Classic Account Opening Disclosure with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs two pages.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

How the purchase rate compares

Measured against every other filing on the site, 13.9% is about the 12th percentile for purchase APR; it sits well down in the cheaper fifth of the set.

What a balance actually costs

At the disclosed purchase APR, $4,000 revolving for a full year costs something like $596 in interest.

A typical filing in this index would charge about $983 on that balance; this one is roughly $387 a year below it.

Per statement cycle that is on the order of $45.95 on $4,000, which is the number that actually shows up on a bill.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

The fee structure

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 APR of 17.9%. Cash is therefore 4 points dearer than buying something with the card. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The filing discloses a 13.9% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 1% — about $15 on $1,500 of purchases, independent of interest.

Penalty pricing and late fees

Late payments are capped at $20 under this filing, about the 17th percentile of late fee maximums in the corpus.

Grace period and minimum charge

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

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

The issuer's other agreements

8 separate Americu Credit Union filings appear in the corpus. The issuer's own range is 4.99%–15.9%. At 13.9%, this agreement is dearer than 1 of its siblings.

What the filing does not tell you

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

The document itself

The original filing, 2 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

13.9% places this filing at the inexpensive end of the set, which is the headline here. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.