Visa Platinum Account Disclosure (Increase)

Bellco Credit Union's filed agreement for Visa Platinum Account Disclosure (Increase) discloses a purchase APR of 9.5%–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.

What the agreement puts on the record

This page covers the agreement Bellco Credit Union filed for Visa Platinum Account Disclosure (Increase). It is issued on the Visa network and the filing runs one page.

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

The introductory rate

The filing discloses an introductory rate of 0.03% but no term for it.

Among the 763 filings here that disclose an introductory rate, 0.03% sits at about the 60th percentile.

Behind the promotion sits a 21% purchase rate. On $3,000 that is in the region of $701 a year once the window closes.

The purchase APR against the corpus

The purchase APR is quoted as a range of 9.5% to 21%. That 11.5-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 9th percentile at the bottom and the 46th at the top.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

What the rate means in dollars

A $2,000 balance left untouched for twelve months accrues about $467 in interest at this purchase rate.

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.

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.

Default pricing

The filing explicitly states that no penalty APR applies. That is worth noting: a default on this account does not, by the terms of this document, reprice the whole balance upward.

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

Where the fees are

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Cash advances carry a cash advance fee of $10 or 4% of the advance, whichever is greater and a cash advance APR of 21%.

Moving a balance onto this card carries an up-front charge of $10 or 4% of the amount transferred, whichever is greater, with the transferred balance priced at 21%. Transferring $7,500 would cost roughly $300 at the door.

Spending abroad costs an extra 1% — about $30 on $3,000 of purchases, independent of interest.

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.

Inside Bellco Credit Union's filed lineup

13 separate Bellco Credit Union filings appear in the corpus. Pricing across this issuer's filings is uniform at 21% — the rate table does not distinguish one of its cards from another.

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

What is outside the disclosure

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.

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

21% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.