Visa Signature Account Disclosure (Increase)

On the record for Visa Signature Account Disclosure (Increase): a purchase APR of 11.5%–21%, a $25 annual fee and a 0.03% introductory rate, filed by Bellco Credit Union. Against the 4,587 filings on this site, that rate lands around the 46th percentile.

What the agreement puts on the record

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

The filing is explicit about 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.

Introductory pricing

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 61st percentile.

The go-to rate is 21%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $1,168 a year on $5,000.

The purchase rate in context

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.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

What the rate means in dollars

At the disclosed purchase APR, $5,000 revolving for a full year costs something like $1,168 in interest.

Priced at the median of 21.99%, that balance would generate about $1,229 in a year — so this agreement comes in around $61 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.

What the card costs before you borrow

The annual fee is $25, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 78th percentile.

For scale, $25 is approximately what $119 of revolving balance would cost in interest over twelve months at this card's 21% rate.

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.

The transfer fee is $10 or 4% of the amount transferred, whichever is greater; transferred balances then run at 21%. On $3,000 that fee is about $120 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.

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.

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

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

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

The issuer's other agreements

There are 13 filings from Bellco Credit Union in this index. Every one of the others that discloses a purchase rate discloses the same 21%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

Its $25 annual fee is higher than 8 of the 8 sibling filings that state one.

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.

Where the authority sits

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

The pricing here is middling by the standards of the index — 21% on purchases is near enough to typical. Note that the $25 annual fee falls due whether the card is used or not.