Rewards Preferred Mastercard Application and Solicitation Disclosure

On the record for Rewards Preferred Mastercard Application and Solicitation Disclosure: a 13.15% purchase APR and a 2.9% introductory rate, filed by Credit Human Federal Credit Union. The purchase rate sits at roughly the 10th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

The document behind this page is Credit Human Federal Credit Union's filed agreement for Rewards Preferred Mastercard Application and Solicitation Disclosure. The filing runs two pages, and It is issued on the Mastercard network.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a foreign transaction fee. It is silent on a penalty rate and an annual fee line.

The promotional period

A promotional rate of 2.9% applies for six months under this agreement — lower than the standard rate, but not free.

Among the 763 filings here that disclose an introductory rate, 2.9% sits at about the 73rd percentile.

What matters more than the promotion is the rate waiting behind it: 13.15%. A $5,000 balance that survives the promotional window costs roughly $703 a year from that point on.

How the purchase rate compares

At 13.15%, the purchase APR falls at roughly the 10th percentile of the 2,280 filings indexed here, which reads as inexpensive against the rest of the filings.

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.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

What a balance actually costs

A $2,000 balance left untouched for twelve months accrues about $281 in interest at this purchase rate.

A typical filing in this index would charge about $492 on that balance; this one is roughly $211 a year below it.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Charges beyond interest

Cash advances carry a cash advance APR of 13.15%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The filing discloses a 5.9% balance transfer rate without an accompanying fee figure.

Foreign transactions attract 1.1%. On $1,500 of overseas spending that is $17, charged on top of whatever exchange rate applies.

When a payment is late

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

The no-interest path

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

Inside Credit Human Federal Credit Union's filed lineup

4 separate Credit Human Federal Credit Union filings appear in the corpus.

What the filing does not tell you

This page cannot tell you an annual fee and penalty pricing, 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

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

In short

The purchase rate of 13.15% is one of the cheaper figures in this index — the central point in the agreement's favour.