RR 4 14 75 VISA Business ACCT Disclosures ELGACU

RR 4 14 75 VISA Business ACCT Disclosures ELGACU 01 01 26, as filed by Elga Credit Union, carries a 14.75% purchase APR and no annual fee. That purchase rate ranks near the 14th percentile across this corpus of 4,587 filings.

What the document actually states

This page covers the agreement Elga Credit Union filed for RR 4 14 75 VISA Business ACCT Disclosures ELGACU 01 01 26. It is issued on the Visa network and the filing runs one page.

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. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

How the purchase rate compares

14.75% puts the purchase APR near the 14th percentile across 2,280 agreements, so it is comfortably below what most issuers filed.

Translating the rate into money

At the disclosed purchase APR, $1,500 revolving for a full year costs something like $238 in interest.

A typical filing in this index would charge about $369 on that balance; this one is roughly $130 a year below it.

Month to month it reads as about $18.29 per cycle on that balance.

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 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.

Spending abroad costs an extra 2% — about $100 on $5,000 of purchases, independent of interest.

What a missed payment costs

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

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.

How it sits in the issuer's own range

This is one of 30 Elga Credit Union agreements collected here. Across that lineup purchase rates span 11.75% to 20.75%; this filing's 14.75% sits above 10 of the comparable ones.

What is outside the disclosure

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

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.

The document itself

The original filing, 1 page 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 purchase rate of 14.75% is one of the cheaper figures in this index — the central point in the agreement's favour.