Visa Platinum Credit Card Application and Solicitation Disclosure

The Visa Platinum Credit Card Application and Solicitation Disclosure filing from Energy Capital Credit Union sets out a purchase APR of 11.4%–18%. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

On the face of the filing

Visa Platinum Credit Card Application and Solicitation Disclosure is one of the agreements Energy Capital Credit Union has on file with the CFPB. The filing runs two pages, and It is issued on the Visa network.

On the record here: a purchase rate, 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.

Pricing the purchase rate

Rather than a single purchase rate, the document gives a band — 11.4% at the bottom, 18% at the top, 6.6 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 15th percentile of filed purchase rates; the ceiling sits at about the 34th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

The arithmetic of revolving

A $2,500 balance left untouched for twelve months accrues about $493 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $122 cheaper for the same debt.

Broken down to a single thirty-day cycle, the same balance accrues roughly $37.25.

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.

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

When a payment is late

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

Charges beyond interest

Cash advances carry a cash advance fee of $35 or 3% of the advance, whichever is greater.

The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.

What is outside the disclosure

This page cannot tell you balance transfer terms, an annual fee 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.

Where the authority sits

Everything here is a reading of the filed agreement, two pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The pricing here is middling by the standards of the index — 18% on purchases is near enough to typical.