Combined Credit Card Agreement MAR2017 CARD Qtr Ending September 30 2022 eff20220808

On the record for Combined Credit Card Agreement MAR2017 CARD Qtr Ending September 30 2022 eff20220808: a purchase APR of 12.9%–14.9% and no annual fee, filed by Hawaii State Federal Credit Union. That purchase rate ranks near the 14th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

What follows is drawn entirely from Hawaii State Federal Credit Union's CFPB filing for Combined Credit Card Agreement MAR2017 CARD Qtr Ending September 30 2022 eff20220808. The filing runs 14 pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

The row carrying the purchase rate is unlabelled in the original document; it is reported here as the most likely purchase figure rather than a certain one.

Pricing the purchase rate

Purchases price between 12.9% and 14.9% under this filing. The 2-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Those two numbers occupy very different places in the corpus: roughly the 22nd percentile at the bottom and the 14th at the top.

What the rate means in dollars

Put $1,200 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $193.

The corpus median purchase rate is 21.99%, which on the same $1,200 would cost about $295 a year. This filing saves roughly $102 annually against that benchmark.

Month to month it reads as about $14.78 per cycle on that balance.

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

Default pricing

On the fee side, a late payment can cost up to $28, which is around the 46th percentile here.

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.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

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

Against the rest of Hawaii State Federal Credit Union's filings

5 separate Hawaii State Federal Credit Union filings appear in the corpus. Their disclosed purchase rates run from 17.4% to 18%, and this one at 14.9% is more expensive than 0 of them.

What the filing does not tell you

This page cannot tell you a foreign transaction fee 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.

The document itself

The filed PDF is linked from this page and runs 14 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

14.9% places this filing at the inexpensive end of the set, which is the headline here. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.