dupage inspire cash back signature truth in lending disclosure

Dupage Credit Union's filed agreement for dupage inspire cash back signature truth in lending disclosure discloses a purchase APR of 11.49%–20.49% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 43rd percentile.

On the face of the filing

Dupage Credit Union filed this agreement for dupage inspire cash back signature truth in lending disclosure with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs six pages.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

Pricing the purchase rate

The purchase APR is quoted as a range of 11.49% to 20.49%. That 9-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 15th percentile and the high end around the 43rd — the band straddles a wide stretch of the market this corpus describes.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What a balance actually costs

The purchase rate turns a $1,200 revolving balance into roughly $273 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,200 would cost about $295 a year. This filing saves roughly $22 annually against that benchmark.

Broken down to a single thirty-day cycle, the same balance accrues roughly $20.37.

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.

Default pricing

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The fee structure

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

Grace period and minimum charge

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.

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

Against the rest of Dupage Credit Union's filings

Dupage Credit Union has 10 agreements indexed on this site. Their disclosed purchase rates run from 18.5% to 24.5%, and this one at 20.49% is more expensive than 4 of them.

The limits of this document

This page cannot tell you anything about cash advances and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Reading the agreement yourself

The original filing, 6 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 — 20.49% on purchases is near enough to typical. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.