LGFCU Visa Credit Card Important Terms

Civic Federal Credit Union's filed agreement for LGFCU Visa Credit Card Important Terms discloses a purchase APR of 12%–17% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 21st percentile.

What this filing discloses

LGFCU Visa Credit Card Important Terms is one of the agreements Civic Federal Credit Union has on file with the CFPB. The filing runs 11 pages, and It is issued on the Visa network.

On the record here: a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a grace period. It is silent on a balance transfer rate, a penalty rate and a foreign transaction fee.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 12% to 17%, a spread of 5 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Those two numbers occupy very different places in the corpus: roughly the 18th percentile at the bottom and the 21st at the top.

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.

What a balance actually costs

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $556 in interest.

A typical filing in this index would charge about $738 on that balance; this one is roughly $182 a year below it.

Month to month it reads as about $42.20 per cycle on that balance.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

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.

Taking cash against the card means a cash advance fee of $0 and a cash advance APR of 18%. Cash is therefore 1 points dearer than buying something with the card.

Paying in full

Anyone clearing the statement balance inside 23 days pays no purchase interest at all under this filing. With a corpus median of 25 days, this window is narrower than the norm.

Penalty pricing and late fees

$20 is the disclosed ceiling on a late payment fee, placing it near the 17th percentile of the set.

The limits of this document

This page cannot tell you a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

The document itself

Everything here is a reading of the filed agreement, 11 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 17% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.