Credit Card Disclosure Website August

The Credit Card Disclosure Website August 2019 filing from Houston Federal Credit Union sets out a purchase APR of 5.24%–15.24%, a $50 annual fee and a 2.99% introductory rate. Against the 4,587 filings on this site, that rate lands around the 15th percentile.

On the face of the filing

The document behind this page is Houston Federal Credit Union's filed agreement for Credit Card Disclosure Website August 2019. It is issued on the Visa network and the filing runs one page.

Terms captured from the document include a purchase rate, a balance transfer rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a cash advance rate and a penalty rate.

The promotional period

The filing discloses an introductory rate of 2.99% but no term for it.

Among the 763 filings here that disclose an introductory rate, 2.99% sits at about the 79th percentile.

Behind the promotion sits a 15.24% purchase rate. On $1,000 that is in the region of $165 a year once the window closes.

The purchase rate in context

Rather than a single purchase rate, the document gives a band — 5.24% at the bottom, 15.24% at the top, 10 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Read against the index, the low end ranks around the 2nd percentile and the high end around the 15th — the band straddles a wide stretch of the market this corpus describes.

Translating the rate into money

The purchase rate turns a $1,200 revolving balance into roughly $198 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,200 would cost about $295 a year. This filing saves roughly $98 annually against that benchmark.

Per statement cycle that is on the order of $15.12 on $1,200, which is the number that actually shows up on a bill.

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.

The fee structure

$50 a year is the disclosed annual fee, which ranks near the 88th percentile of the fees filed across this corpus.

Transferred balances are priced at 1.99%; no separate transfer fee was captured from the filing.

Foreign transactions attract 1%. On $1,000 of overseas spending that is $10, charged on top of whatever exchange rate applies.

When a payment is late

The maximum late fee is $15 — roughly the 11th percentile of the late fee ceilings disclosed across this index.

The no-interest path

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

What you cannot learn from the filing

This page cannot tell you anything about cash advances and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Against the rest of Houston Federal Credit Union's filings

This is one of 3 Houston Federal Credit Union agreements collected here.

Where the authority sits

Everything here is a reading of the filed agreement, one page of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 15.24% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. Against that sits the $50 annual fee, which is unavoidable once the account is open.