Visa Credit Card Disclosure & Cardholder Agreement

Arizona Central Credit Union's filed agreement for Visa Credit Card Disclosure & Cardholder Agreement discloses a purchase APR of 10.9%–14.9% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 14th percentile.

What the document actually states

Arizona Central Credit Union submitted the terms for Visa Credit Card Disclosure & Cardholder Agreement to the CFPB's agreement database; this is what they contain. The filing runs six pages, and It is issued on the Visa network.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

The purchase APR against the corpus

This is a tiered agreement: the filing discloses a purchase APR anywhere from 10.9% to 14.9%, a spread of 4 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 14th percentile of filed purchase rates; the ceiling sits at about the 14th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The arithmetic of revolving

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $193 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,200 would cost about $295 a year. This filing saves roughly $102 annually against that benchmark.

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.

Charges beyond interest

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.

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

The downside terms

This agreement records no penalty rate at all. Late payment carries a fee, but not the rate increase that many filings in this corpus permit.

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

What you cannot learn from the filing

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.

Go to the source

The original filing, 6 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

At 14.9% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.