VISA Cardholder Agmt

Eastman Credit Union's filed agreement for VISA Cardholder Agmt 010126 discloses a 10.9% purchase APR and no annual fee. That purchase rate ranks near the 6th percentile across this corpus of 4,587 filings.

On the face of the filing

This page covers the agreement Eastman Credit Union filed for VISA Cardholder Agmt 010126. It is issued on the Visa network and the filing runs ten pages.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

One important caveat sits on top of everything else here: the rate table in this filing covers more than one product. Figures shown on this page may belong to a sibling card in the same table rather than to this one, and only the PDF can settle which row applies.

The purchase rate in context

The purchase APR of 10.9% places this agreement around the 6th percentile of the set — it sits well down in the cheaper fifth of the set.

Unusually for this corpus, the filing labels the purchase rate as fixed rather than variable — the overwhelming majority of agreements indexed here disclose variable pricing.

What a balance actually costs

The purchase rate turns a $1,500 revolving balance into roughly $173 of annual interest.

Measured against the 21.99% corpus median, the same $1,500 costs approximately $196 less per year here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $13.50.

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

Default pricing

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

The fee structure

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.

The grace period

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.

What the filing does not tell you

This page cannot tell you a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Reading the agreement yourself

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

At 10.9% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. The absence of an annual fee means the rate is the only thing that can make this card expensive. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.