Application New Rates 5 1 2023 01204339 AXE123 C 1 041123 041923 print

On the record for Application New Rates 5 1 2023 01204339 AXE123 C 1 041123 041923 print: a purchase APR of 15.99%–19.99% and no annual fee, filed by Credit Union for All, the. The purchase rate sits at roughly the 42nd percentile of the 4,587 agreements indexed here.

What the document actually states

Credit Union for All, the submitted the terms for Application New Rates 5 1 2023 01204339 AXE123 C 1 041123 041923 print to the CFPB's agreement database; this is what they contain. The filing runs two pages, and It is issued on the Visa network.

The disclosure covers 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.

How the purchase rate compares

Purchases price between 15.99% and 19.99% under this filing. The 4-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 39th percentile of filed purchase rates; the ceiling sits at about the 42nd. In corpus terms the same card can be cheap or expensive depending on how it is priced.

Translating the rate into money

The purchase rate turns a $1,500 revolving balance into roughly $332 of annual interest.

Priced at the median of 21.99%, that balance would generate about $369 in a year — so this agreement comes in around $37 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.

Where the fees are

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.

For cash advances the filing discloses a cash advance APR of 15.99%.

The filing discloses a 15.99% balance transfer rate without an accompanying fee figure.

Foreign transactions attract 1%. On $5,000 of overseas spending that is $50, charged on top of whatever exchange rate applies.

What a missed payment costs

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

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.

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

What is outside the disclosure

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

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, 2 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

The pricing here is middling by the standards of the index — 19.99% on purchases is near enough to typical. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.