Credit Card Account Opening Disclosure

Credit Card Account Opening Disclosure, as filed by Coca-Cola Credit Union, carries a 12.25% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 8th percentile.

On the face of the filing

Credit Card Account Opening Disclosure is one of the agreements Coca-Cola Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs three pages.

On the record here: 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.

Where the purchase APR sits

Measured against every other filing on the site, 12.25% is about the 8th percentile for purchase APR; it reads as inexpensive against the rest of the filings.

The arithmetic of revolving

At the disclosed purchase APR, $2,500 revolving for a full year costs something like $326 in interest.

A typical filing in this index would charge about $615 on that balance; this one is roughly $289 a year below it.

Broken down to a single thirty-day cycle, the same balance accrues roughly $25.29.

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.

The downside terms

Late payments are capped at $20 under this filing, about the 17th percentile of late fee maximums in the corpus.

Fees, and what triggers them

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 APR of 12.25%.

The filing discloses a 12.25% balance transfer rate without an accompanying fee figure.

The filing sets a 1% foreign transaction fee, which adds roughly $30 to $3,000 spent outside the United States.

Paying in full

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.

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

What is outside the disclosure

The disclosure parsed here does not state penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Where the authority sits

The original filing, 3 pages 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 purchase rate of 12.25% is one of the cheaper figures in this index — the central point in the agreement's favour.