Visa Signature New Account Disclosure

Visa Signature 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 Signature New Account Disclosure. It is issued on the Visa network and the filing runs one page.

The filing is explicit about a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a balance transfer rate and a penalty rate.

The interest-free window

The filing discloses a 0% introductory rate running six months. For that window, balances covered by the promotion accrue no interest at all.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

What matters more than the promotion is the rate waiting behind it: 21%. A $2,000 balance that survives the promotional window costs roughly $467 a year from that point on.

Put the other way round, the six-month zero rate is worth roughly $234 on a $2,000 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

The purchase rate in context

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.

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

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

The arithmetic of revolving

At the disclosed purchase APR, $1,500 revolving for a full year costs something like $350 in interest.

A typical filing in this index would charge about $369 on that balance; this one is roughly $18 a year below it.

Per statement cycle that is on the order of $26.11 on $1,500, 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 grace period

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.

When a payment is late

No penalty APR appears in this filing by design — the document says there is none, which removes the single largest cost of a missed payment in most agreements here.

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

The fee structure

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Cash advances carry a cash advance fee of $10 or 4% of the advance, whichever is greater and a cash advance APR of 21%. $250 is the crossover point where the percentage overtakes the $10 minimum. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

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

Spending abroad costs an extra 1% — about $10 on $1,000 of purchases, independent of interest.

The issuer's other agreements

There are 13 filings from Bellco Credit Union in this index. 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 the filing does not tell you

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 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

21% 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.