SMART Card Disclosure

SMART Card Disclosure 1 1 24, as filed by Community Choice Credit Union, carries a purchase APR of 17.24%–20.99%, no annual fee and a 5.99% introductory rate. That purchase rate ranks near the 45th percentile across this corpus of 4,587 filings.

What this filing discloses

The document behind this page is Community Choice Credit Union's filed agreement for SMART Card Disclosure 1 1 24. The filing runs ten 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. No figure appears for a penalty rate.

This document discloses several products inside a single rate table. That means the numbers below are the ones the table contains, not necessarily the ones attached to this particular card — the filing itself is the only way to tell them apart.

Introductory pricing

A promotional rate of 5.99% applies for 12 months under this agreement — lower than the standard rate, but not free.

Among the 763 filings here that disclose an introductory rate, 5.99% sits at about the 89th percentile.

Once the introductory period ends the rate becomes 20.99%, which turns a lingering $5,000 balance into approximately $1,167 of annual interest.

The purchase rate in context

The purchase APR is quoted as a range of 17.24% to 20.99%. That 3.75-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 46th percentile and the high end around the 45th — the band straddles a wide stretch of the market this corpus describes.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

What the rate means in dollars

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $467 in interest.

Priced at the median of 21.99%, that balance would generate about $492 in a year — so this agreement comes in around $25 cheaper for the same debt.

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.

Fees, and what triggers them

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 17.24%. Advances under roughly $167 are charged the flat $5; larger ones are charged 3%.

Moving a balance onto this card carries an up-front charge of 2% of the amount transferred, with the transferred balance priced at 17.24%. Transferring $5,000 would cost roughly $100 at the door.

Foreign transactions attract 1%. On $1,500 of overseas spending that is $15, charged on top of whatever exchange rate applies.

The no-interest path

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.

Default pricing

The maximum late fee is $29 — roughly the 47th percentile of the late fee ceilings disclosed across this index.

Inside Community Choice Credit Union's filed lineup

This is one of 12 Community Choice Credit Union agreements collected here. Their disclosed purchase rates run from 8.74% to 20.99%, and this one at 20.99% is more expensive than 1 of them.

What you cannot learn from the filing

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Reading the agreement yourself

The original filing, 10 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

20.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. And because the filing covers several products in one table, even the figures that are right may belong to a different card.