Visa Colorado Rewards Account Disclosure (Increase)

The Visa Colorado Rewards Account Disclosure (Increase) filing from Bellco Credit Union sets out a purchase APR of 11.5%–21%, no annual fee and a 0.03% introductory rate. That purchase rate ranks near the 46th percentile across this corpus of 4,587 filings.

The disclosed terms

Bellco Credit Union submitted the terms for Visa Colorado Rewards Account Disclosure (Increase) to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs one page.

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.

The introductory rate

An introductory rate of 0.03% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 0.03% sits at about the 61st percentile.

The go-to rate is 21%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $701 a year on $3,000.

The purchase APR against the corpus

The purchase APR is quoted as a range of 11.5% to 21%. That 9.5-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Those two numbers occupy very different places in the corpus: roughly the 16th percentile at the bottom and the 46th at the top.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

Translating the rate into money

Carry $2,000 on this card for a year without paying it down and the purchase rate alone generates roughly $467 in interest.

Priced at the median of 21.99%, that balance would generate about $492 in a year — so this agreement comes in around $25 cheaper for the same debt.

Per statement cycle that is on the order of $34.81 on $2,000, which is the number that actually shows up on a bill.

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

The no-interest path

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

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.

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.

For cash advances the filing discloses a cash advance fee of $10 or 4% of the advance, whichever is greater and a cash advance APR of 21%. Advances under roughly $250 are charged the flat $10; larger ones are charged 4%.

The transfer fee is $10 or 4% of the amount transferred, whichever is greater; transferred balances then run at 21%. On $7,500 that fee is about $300 before any interest is charged.

The filing sets a 1% foreign transaction fee, which adds roughly $10 to $1,000 spent outside the United States.

Inside Bellco Credit Union's filed lineup

13 separate Bellco Credit Union filings appear in the corpus. The others all file the same 21% purchase rate. Whatever separates these products, it is not the cost of borrowing.

On fees, 7 of the 8 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What you cannot learn from the filing

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.

Where the authority sits

This summary stands or falls on the linked PDF — one page. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

21% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.