Life Matters Cash Back Visa Credit Card Agreement and Disclosure

On the record for Life Matters Cash Back Visa Credit Card Agreement and Disclosure: a purchase APR of 8%–16.9% and no annual fee, filed by Hawaiiusa Federal Credit Union. The purchase rate sits at roughly the 20th percentile of the 4,587 agreements indexed here.

On the face of the filing

Life Matters Cash Back Visa Credit Card Agreement and Disclosure is one of the agreements Hawaiiusa Federal Credit Union has on file with the CFPB. The filing runs 12 pages, and It is issued on the Visa network.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

The purchase rate in context

This is a tiered agreement: the filing discloses a purchase APR anywhere from 8% to 16.9%, a spread of 8.9 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Read against the index, the low end ranks around the 4th percentile and the high end around the 20th — the band straddles a wide stretch of the market this corpus describes.

What the rate means in dollars

Put $3,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $552.

Priced at the median of 21.99%, that balance would generate about $738 in a year — so this agreement comes in around $185 cheaper for the same debt.

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.

What the card costs before you borrow

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

For cash advances the filing discloses a cash advance APR of 8%.

The filing discloses a 8% balance transfer rate without an accompanying fee figure.

Foreign transactions carry no fee. Only about 22% of the filings here that disclose a foreign transaction fee set it at zero, so this is a genuine point of difference.

Default pricing

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Grace period and minimum charge

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.

Against the rest of Hawaiiusa Federal Credit Union's filings

9 separate Hawaiiusa Federal Credit Union filings appear in the corpus. Their disclosed purchase rates run from 14.9% to 16.9%, and this one at 16.9% is more expensive than 1 of them.

What you cannot learn from the filing

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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.

The document itself

The filed PDF is linked from this page and runs 12 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 16.9% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. The absence of an annual fee means the rate is the only thing that can make this card expensive.