UNlimited Cash Card Disclosures

The UNlimited Cash Card Disclosures 1 1 24 filing from Community Choice Credit Union sets out 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.

On the face of the filing

What follows is drawn entirely from Community Choice Credit Union's CFPB filing for UNlimited Cash Card Disclosures 1 1 24. The filing runs ten pages.

The disclosure covers 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.

The filing bundles multiple products into one disclosure table. Any figure quoted here may describe a related card in the same filing, so the PDF should be read before treating these numbers as this card's own.

The promotional period

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.

The go-to rate is 20.99%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $1,167 a year on $5,000.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 17.24% to 20.99%, a spread of 3.75 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 46th percentile of filed purchase rates; the ceiling sits at about the 45th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

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 a balance actually costs

At the disclosed purchase APR, $1,200 revolving for a full year costs something like $280 in interest.

A typical filing in this index would charge about $295 on that balance; this one is roughly $15 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

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.

For cash advances the filing discloses a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 17.24%.

Balance transfers cost 2% of the amount transferred up front and then accrue at 17.24%. 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.

What a missed payment costs

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

The no-interest path

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

Against the rest of Community Choice Credit Union's filings

There are 12 filings from Community Choice Credit Union in this index. Their disclosed purchase rates run from 8.74% to 20.99%, and this one at 20.99% is more expensive than 1 of them.

The limits of this document

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

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

The filed PDF is linked from this page and runs ten pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The pricing here is middling by the standards of the index — 20.99% on purchases is near enough to typical. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.