Platinum Visa Credit Card Disclosures 03 2022 Rate Change

The Platinum Visa Credit Card Disclosures 03 2022 Rate Change filing from Georgia United Credit Union sets out a purchase APR of 8.24%–22.99%, no annual fee and a 1.99% introductory rate. Against the 4,587 filings on this site, that rate lands around the 54th percentile.

On the face of the filing

What follows is drawn entirely from Georgia United Credit Union's CFPB filing for Platinum Visa Credit Card Disclosures 03 2022 Rate Change. The filing runs five pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, an annual fee line, a late payment maximum and a foreign transaction fee. It is silent on a balance transfer rate and a penalty rate.

The promotional period

A promotional rate of 1.99% applies for 12 months under this agreement — lower than the standard rate, but not free.

Among the 763 filings here that disclose an introductory rate, 1.99% sits at about the 66th percentile.

Behind the promotion sits a 22.99% purchase rate. On $2,000 that is in the region of $517 a year once the window closes.

The purchase rate in context

Rather than a single purchase rate, the document gives a band — 8.24% at the bottom, 22.99% at the top, 14.75 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Those two numbers occupy very different places in the corpus: roughly the 5th percentile at the bottom and the 54th at the top.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

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 arithmetic of revolving

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $310 in interest.

Against the corpus median of 21.99%, that is approximately $15 a year of extra interest on the same $1,200.

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.

Penalty pricing and late fees

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

Fees, and what triggers them

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.

Cash advances carry a cash advance APR of 10.24%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing sets a 1% foreign transaction fee, which adds roughly $15 to $1,500 spent outside the United States.

The no-interest path

Anyone clearing the statement balance inside 21 days pays no purchase interest at all under this filing. That is shorter than the 25-day corpus median.

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

The limits of this document

This page cannot tell you balance transfer terms and penalty pricing, because the filing's disclosure table as read does not contain them.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Where the authority sits

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

In short

At 22.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.