Visa Credit Card Agreement and Disclosures

Commonwealth One Federal Credit Union's filed agreement for Visa Credit Card Agreement and Disclosures discloses no annual fee.

What the document actually states

Commonwealth One Federal Credit Union submitted the terms for Visa Credit Card Agreement and Disclosures to the CFPB's agreement database; this is what they contain. The filing runs four pages, and It is issued on the Visa network.

Terms captured from the document include an annual fee line, a late payment maximum and a foreign transaction fee. A purchase rate, a cash advance rate and a balance transfer rate are not stated.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

Charges beyond interest

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.

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

The grace period

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

The downside terms

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

Against the rest of Commonwealth One Federal Credit Union's filings

There are 6 filings from Commonwealth One Federal Credit Union in this index.

What you cannot learn from the filing

The disclosure parsed here does not state a purchase rate, anything about cash advances, balance transfer terms and a grace period. 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.

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, 4 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

Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.