Earned Rewards Visa Credit Card Account Opening Disclosure

Generations Federal Credit Union's filed agreement for Earned Rewards Visa Credit Card Account Opening Disclosure discloses a 18% purchase APR and no annual fee. That purchase rate ranks near the 34th percentile across this corpus of 4,587 filings.

What the document actually states

This page covers the agreement Generations Federal Credit Union filed for Earned Rewards Visa Credit Card Account Opening Disclosure. It is issued on the Visa network and the filing runs three pages.

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. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

Note that the purchase APR row in this table carries no explicit label in the filing, which introduces some ambiguity about what it covers.

Pricing the purchase rate

18% puts the purchase APR near the 34th percentile across 2,280 agreements, so it undercuts the typical filing.

The arithmetic of revolving

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $394 in interest.

The corpus median purchase rate is 21.99%, which on the same $2,000 would cost about $492 a year. This filing saves roughly $97 annually against that benchmark.

Month to month it reads as about $29.80 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.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

The downside terms

The maximum late fee is $20 — roughly the 17th percentile of the late fee ceilings disclosed across this index.

The fee structure

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.

Transfers are charged $5 or 3% of the amount transferred, whichever is greater, though no distinct transfer APR appears in the document. Shifting $3,000 across attracts something like $90 in fees on day one.

Foreign transactions attract 1%. On $1,000 of overseas spending that is $10, charged on top of whatever exchange rate applies.

How it sits in the issuer's own range

There are 4 filings from Generations Federal Credit Union in this index. Pricing across this issuer's filings is uniform at 18% — the rate table does not distinguish one of its cards from another.

What you cannot learn from the filing

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

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.

Go to the source

The filed PDF is linked from this page and runs three pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 18% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.