Visa Platinum Application and Solicitation Disclosure (Oct)

Visa Platinum Application and Solicitation Disclosure (Oct), as filed by Delta Community Credit Union, carries a purchase APR of 12.75%–16.75%, no annual fee and a 17.75% penalty rate. Against the 4,587 filings on this site, that rate lands around the 19th percentile.

On the face of the filing

What follows is drawn entirely from Delta Community Credit Union's CFPB filing for Visa Platinum Application and Solicitation Disclosure (Oct). It is issued on the Visa network and the filing runs two pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line. It is silent on a foreign transaction fee.

How the purchase rate compares

The purchase APR is quoted as a range of 12.75% to 16.75%. That 4-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 22nd percentile and the high end around the 19th — 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.

The arithmetic of revolving

A $4,000 balance left untouched for twelve months accrues about $729 in interest at this purchase rate.

Measured against the 21.99% corpus median, the same $4,000 costs approximately $254 less per year here.

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.

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.

When a payment is late

If the account defaults, the filing permits a rate of 17.75%. Among disclosing agreements here that ranks near the 7th percentile.

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

The fee structure

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 fee of $6 or 1% of the advance, whichever is greater and a cash advance APR of 12.75%. Advances under roughly $600 are charged the flat $6; larger ones are charged 1%. 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 12.75% balance transfer rate without an accompanying fee figure.

How it sits in the issuer's own range

4 separate Delta Community Credit Union filings appear in the corpus.

What the filing does not tell you

Absent from the captured terms: a foreign transaction fee. The original document is the place to look for any of these.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

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 16.75% is one of the cheaper figures in this index — the central point in the agreement's favour. The absence of an annual fee means the rate is the only thing that can make this card expensive.