Arrowhead Visa Credit Card and Visa Classic Secured Credit Card Pricing Addendum 2022 12

Arrowhead Federal Credit Union's filed agreement for Arrowhead Visa Credit Card and Visa Classic Secured Credit Card Pricing Addendum 2022 12 01 discloses a purchase APR of 13.74%–28.74%, no annual fee and a 20.74% penalty rate. The purchase rate sits at roughly the 69th percentile of the 4,587 agreements indexed here.

The disclosed terms

Arrowhead Visa Credit Card and Visa Classic Secured Credit Card Pricing Addendum 2022 12 01 is one of the agreements Arrowhead Federal Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs one page.

The disclosure covers a purchase rate, a balance transfer rate, a penalty rate, an annual fee line and a late payment maximum. It is silent on a cash advance rate.

Collateral and the deposit

The product name identifies this as a secured card, which means the account is backed by a deposit the cardholder provides. The filing indexed here discloses rates and fees; it is the agreement text that governs how the deposit is held, when it is applied and under what conditions it is returned.

Securing the line has not placed this agreement at the bottom of the market — 28.74% ranks near the 69th percentile across every filing indexed here.

How the purchase rate compares

Purchases price between 13.74% and 28.74% under this filing. The 15-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Read against the index, the low end ranks around the 26th percentile and the high end around the 69th — the band straddles a wide stretch of the market this corpus describes.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

The arithmetic of revolving

The purchase rate turns a $1,000 revolving balance into roughly $333 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $246 on that balance. This one charges about $87 more per year.

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.

Charges beyond interest

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.

Taking cash against the card means a cash advance fee of 1%.

Transferred balances are priced at 21.74%; no separate transfer fee was captured from the filing.

Foreign transactions attract 0.8%. On $1,500 of overseas spending that is $12, charged on top of whatever exchange rate applies.

When a payment is late

If the account defaults, the filing permits a rate of 20.74%. Among disclosing agreements here that ranks near the 27th percentile.

$15 is the disclosed ceiling on a late payment fee, placing it near the 11th percentile of the set.

The grace period

Purchases carry a 21-day grace period: pay the statement in full inside it and the purchase rate never applies. With a corpus median of 25 days, this window is narrower than the norm.

How it sits in the issuer's own range

This is one of 5 Arrowhead Federal Credit Union agreements collected here. Their disclosed purchase rates run from 27.99% to 28.74%, and this one at 28.74% is more expensive than 1 of them.

What the filing does not tell you

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Reading the agreement yourself

The original filing, 1 page 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

28.74% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.