Visa Credit Card Application

Visa Credit Card Application, as filed by Greater Springfield Credit Union, carries a 2% purchase APR and no annual fee. That purchase rate ranks near the 1st percentile across this corpus of 4,587 filings.

What the document actually states

The document behind this page is Greater Springfield Credit Union's filed agreement for Visa Credit Card Application. The filing runs four pages, and It is issued on the Visa network.

On the record here: a purchase rate, an annual fee line, a late payment maximum and a foreign transaction fee. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

The purchase rate in context

2% puts the purchase APR near the 1st percentile across 2,280 agreements, so it is among the very cheapest figures in the whole set.

Translating the rate into money

Put $3,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $61.

Priced at the median of 21.99%, that balance would generate about $738 in a year — so this agreement comes in around $677 cheaper for the same debt.

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 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.

For cash advances the filing discloses a cash advance fee of 1.5%.

Transfers are charged 0% of the amount transferred, though no distinct transfer APR appears in the document. Shifting $5,000 across attracts something like $0 in fees on day one.

Foreign transactions attract 1%. On $1,500 of overseas spending that is $15, charged on top of whatever exchange rate applies.

What a missed payment costs

Late payments are capped at $10 under this filing, about the 6th percentile of late fee maximums in the corpus.

The grace period

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

What is outside the disclosure

The disclosure parsed here does not state a grace period and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

Reading the agreement yourself

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

In short

2% places this filing at the inexpensive end of the set, which is the headline here. The absence of an annual fee means the rate is the only thing that can make this card expensive.