Visa Signature/Visa Platinum

Visa Signature/visa Platinum, as filed by Georgia'S Own Credit Union, carries a 19.49% purchase APR, no annual fee and a 29.99% penalty rate. That purchase rate ranks near the 41st percentile across this corpus of 4,587 filings.

What the document actually states

Georgia'S Own Credit Union submitted the terms for Visa Signature/visa Platinum to the CFPB's agreement database; this is what they contain. The filing runs four pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 19.49% lands at the 41st percentile; it sits close to the middle of the corpus.

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.

Translating the rate into money

The purchase rate turns a $1,500 revolving balance into roughly $323 of annual interest.

Priced at the median of 21.99%, that balance would generate about $369 in a year — so this agreement comes in around $46 cheaper for the same debt.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

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.

Taking cash against the card means a cash advance fee of 3% and a cash advance APR of 19.49%.

Moving a balance onto this card carries an up-front charge of $10 or 3% of the amount transferred, whichever is greater, with the transferred balance priced at 19.49%. Shifting $7,500 across attracts something like $225 in fees on day one.

Foreign transactions attract 2%. On $2,000 of overseas spending that is $40, charged on top of whatever exchange rate applies.

Penalty pricing and late fees

If the account defaults, the filing permits a rate of 29.99%. Among disclosing agreements here that ranks near the 61st percentile.

That is 10.5 points above the standard purchase rate. On a $2,500 balance, the shift from 19.49% to 29.99% adds something like $336 of interest over a year — the real cost of the default, quite apart from the fee itself.

Late payments are capped at $37 under this filing, about the 59th percentile of late fee maximums in the corpus.

Grace period and minimum charge

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

How it sits in the issuer's own range

There are 4 filings from Georgia'S Own Credit Union in this index.

What the filing does not tell you

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.

Go to the source

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

In short

19.49% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.