Priority Plus Application and Solicitation Disclosures

Community Choice Credit Union's filed agreement for Priority Plus Application and Solicitation Disclosures discloses a purchase APR of 16.74%–20.99%, no annual fee and a 1.99% introductory rate. The purchase rate sits at roughly the 45th percentile of the 4,587 agreements indexed here.

The disclosed terms

Community Choice Credit Union filed this agreement for Priority Plus Application and Solicitation Disclosures with the Consumer Financial Protection Bureau. The filing runs three pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

One important caveat sits on top of everything else here: the rate table in this filing covers more than one product. Figures shown on this page may belong to a sibling card in the same table rather than to this one, and only the PDF can settle which row applies.

What the promotional rate is worth

The introductory rate is 1.99%, held for 12 months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 1.99% sits at about the 66th percentile.

What matters more than the promotion is the rate waiting behind it: 20.99%. A $2,500 balance that survives the promotional window costs roughly $584 a year from that point on.

How the purchase rate compares

The purchase APR is quoted as a range of 16.74% to 20.99%. That 4.25-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Read against the index, the low end ranks around the 42nd percentile and the high end around the 45th — the band straddles a wide stretch of the market this corpus describes.

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.

What a balance actually costs

Put $1,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $233.

A typical filing in this index would charge about $246 on that balance; this one is roughly $12 a year below it.

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.

Charges beyond interest

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Cash advances carry a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 16.74%. Advances under roughly $167 are charged the flat $5; larger ones are charged 3%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The transfer fee is 2% of the amount transferred; transferred balances then run at 16.74%. Shifting $3,000 across attracts something like $60 in fees on day one.

The filing sets a 1% foreign transaction fee, which adds roughly $10 to $1,000 spent outside the United States.

When a payment is late

Late payments are capped at $29 under this filing, about the 47th percentile of late fee maximums in the corpus.

Grace period and minimum charge

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 issuer's other agreements

Community Choice Credit Union has 12 agreements indexed on this site. Across that lineup purchase rates span 8.74% to 20.99%; this filing's 20.99% sits above 1 of the comparable ones.

What the filing does not tell you

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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 — three pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 20.99% on purchases is near enough to typical. The absence of an annual fee means the rate is the only thing that can make this card expensive. And because the filing covers several products in one table, even the figures that are right may belong to a different card.