Visa Colorado Rewards New Account Disclosure

Visa Colorado Rewards New Account Disclosure, as filed by Bellco Credit Union, carries a purchase APR of 11.5%–21%, no annual fee and a six-month 0% opening period. That purchase rate ranks near the 46th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

The document behind this page is Bellco Credit Union's filed agreement for Visa Colorado Rewards New Account Disclosure. The filing runs one page, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. A balance transfer rate and a penalty rate are not stated.

The interest-free window

This agreement opens at 0% for six months, the only period in the document where carrying a balance is free.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

Behind the promotion sits a 21% purchase rate. On $1,000 that is in the region of $234 a year once the window closes.

Valued honestly, six months at zero on $1,000 avoids about $117 of interest compared with the go-to rate — the whole of what the promotion delivers.

Where the purchase APR sits

Purchases price between 11.5% and 21% under this filing. The 9.5-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 16th percentile of filed purchase rates; the ceiling sits at about the 46th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

What the rate means in dollars

Put $4,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $934.

Priced at the median of 21.99%, that balance would generate about $983 in a year — so this agreement comes in around $49 cheaper for the same debt.

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

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.

Cash advances carry a cash advance fee of $10 or 4% of the advance, whichever is greater and a cash advance APR of 21%. The two halves of that fee cross at about $250: below it the flat $10 applies, above it the percentage does. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Transfers are charged a flat $0, though no distinct transfer APR appears in the document.

Foreign transactions attract 1%. On $2,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

Grace period and minimum charge

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.

What a missed payment costs

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.

Inside Bellco Credit Union's filed lineup

This is one of 13 Bellco Credit Union agreements collected here. The others all file the same 21% purchase rate. Whatever separates these products, it is not the cost of borrowing.

7 of the issuer's other 8 disclosing filings are likewise fee-free.

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 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

At 21% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.