Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Purchase APR | 8.9% |
|---|---|
| Annual fee | $0 |
| Late payment fee | up to $25 |
| Foreign transaction fee | 1% |
| Grace period | 21 days |
| Minimum interest charge | $0 |
| Network | Visa |
Analysis
14160 CC App DiscProof, as filed by First Source Federal Credit Union, carries a 8.9% purchase APR and no annual fee. The purchase rate sits at roughly the 3rd percentile of the 4,587 agreements indexed here.
The disclosed terms
First Source Federal Credit Union submitted the terms for 14160 CC App DiscProof to the CFPB's agreement database; this is what they contain. The filing runs one page, and It is issued on the Visa network.
The filing is explicit about 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.
Where the purchase APR sits
The purchase APR of 8.9% places this agreement around the 3rd percentile of the set — it lands at the extreme low end of the filings.
What a balance actually costs
Put $3,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $279.
The corpus median purchase rate is 21.99%, which on the same $3,000 would cost about $738 a year. This filing saves roughly $458 annually against that benchmark.
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
The filing gives 21 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That is shorter than the 25-day corpus median.
No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.
What a missed payment costs
$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.
Charges beyond interest
No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.
The filing sets a 1% foreign transaction fee, which adds roughly $10 to $1,000 spent outside the United States.
How it sits in the issuer's own range
There are 3 filings from First Source Federal Credit Union in this index.
The limits of this document
This page cannot tell you anything about cash advances, balance transfer terms and penalty pricing, because the filing's disclosure table as read does not contain them.
It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.
Reading the agreement yourself
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 8.9% is one of the cheaper figures in this index — the central point in the agreement's favour.
The source document
This page is a reading of one document: the cardholder agreement First Source Federal Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by First Source Federal Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from First Source Federal Credit Union
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CC Acct DiscProof
Agreement filed with the CFPB
- Annual fee
- $0
- Foreign tx fee
- 1%
Where this card sits
Groups this agreement qualifies for, by its own disclosed terms:
Comparable cards from other issuers
Closest disclosed purchase APR among cards in the same groups.