Visa Credit Card Agreement

On the record for Visa Credit Card Agreement: a 0% opening rate and a 22.74% penalty rate, filed by Columbia Community Credit Union.

What the document actually states

Columbia Community Credit Union submitted the terms for Visa Credit Card Agreement to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs two pages.

The disclosure covers a cash advance rate, a penalty rate, a late payment maximum, a foreign transaction fee and a grace period. A purchase rate, a balance transfer rate and an annual fee line are not stated.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

Zero percent, and then what

The filing discloses a 0% introductory rate, though it does not state how long the promotional period runs.

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.

The filing captures the promotional rate but not the rate that replaces it. That is the more important of the two numbers, and it is not on this page — the agreement itself has to be read for it.

The no-interest path

Purchases carry a 21-day grace period: pay the statement in full inside it and the purchase rate never applies. The typical filing here allows 25 days, so this one is tighter than most.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

The downside terms

A penalty APR of 22.74% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 32nd percentile.

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

What the card costs before you borrow

Taking cash against the card means a cash advance APR of 7.74%.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

The issuer's other agreements

Columbia Community Credit Union has 5 agreements indexed on this site.

What you cannot learn from the filing

This page cannot tell you a purchase rate, balance transfer terms and an annual fee, because the filing's disclosure table as read does not contain them.

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.

Go to the source

This summary stands or falls on the linked PDF — two pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.