Rewards Visa Signature Credit Card Interest Rates and Charges

Rewards Visa Signature Credit Card Interest Rates and Charges, as filed by ESL Federal Credit Union, carries a purchase APR of 13.25%–17.99%, no annual fee, a 12-month 0% opening period and a 18% penalty rate. The purchase rate sits at roughly the 28th percentile of the 4,587 agreements indexed here.

The disclosed terms

Rewards Visa Signature Credit Card Interest Rates and Charges is one of the agreements ESL Federal Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs two pages.

On the record here: a purchase rate, a penalty 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 foreign transaction fee.

The interest-free window

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

Once the introductory period ends the rate becomes 17.99%, which turns a lingering $3,000 balance into approximately $591 of annual interest.

Valued honestly, 12 months at zero on $3,000 avoids about $591 of interest compared with the go-to rate — the whole of what the promotion delivers.

Pricing the purchase rate

This is a tiered agreement: the filing discloses a purchase APR anywhere from 13.25% to 17.99%, a spread of 4.74 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Those two numbers occupy very different places in the corpus: roughly the 24th percentile at the bottom and the 28th at the top.

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.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The cost of carrying a balance

A $3,000 balance left untouched for twelve months accrues about $591 in interest at this purchase rate.

A typical filing in this index would charge about $738 on that balance; this one is roughly $146 a year below it.

Per statement cycle that is on the order of $44.68 on $3,000, which is the number that actually shows up on a bill.

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 grace period

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

When a payment is late

If the account defaults, the filing permits a rate of 18%. Among disclosing agreements here that ranks near the 19th percentile.

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

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.

Inside ESL Federal Credit Union's filed lineup

8 separate ESL Federal Credit Union filings appear in the corpus. Across that lineup purchase rates span 16.25% to 17.99%; this filing's 17.99% sits above 1 of the comparable ones.

What you cannot learn from the filing

This page cannot tell you anything about cash advances, balance transfer terms and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

The document itself

This summary stands or falls on the linked PDF — two pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 17.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.