Pnp Form for Visa Platinum Credit Card Account Opening Disclosure

The Pnp Form for Visa Platinum Credit Card Account Opening Disclosure 175666372 filing from Idaho Central Credit Union sets out a purchase APR of 7.74%–24% and a 24% penalty rate. That purchase rate ranks near the 58th percentile across this corpus of 4,587 filings.

What the document actually states

Pnp Form for Visa Platinum Credit Card Account Opening Disclosure 175666372 is one of the agreements Idaho Central Credit Union has on file with the CFPB. The filing runs three pages, and It is issued on the Visa network.

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

The purchase rate in context

Rather than a single purchase rate, the document gives a band — 7.74% at the bottom, 24% at the top, 16.26 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 4th percentile and the high end around the 58th — the band straddles a wide stretch of the market this corpus describes.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What the rate means in dollars

The purchase rate turns a $1,500 revolving balance into roughly $407 of annual interest.

On a median-priced agreement from this index (21.99%) the same $1,500 would run about $369 a year, so this card costs in the region of $38 more annually for the identical balance.

Month to month it reads as about $29.87 per cycle on that balance.

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.

Charges beyond interest

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 7.74%. The two halves of that fee cross at about $200: below it the flat $10 applies, above it the percentage does. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Transferred balances are priced at 7.74%; no separate transfer fee was captured from the filing.

Spending abroad costs an extra 1% — about $20 on $2,000 of purchases, independent of interest.

What a missed payment costs

The agreement discloses penalty pricing of 24% — about the 45th percentile of the 794 penalty rates recorded across this index.

$29 is the disclosed ceiling on a late payment fee, placing it near the 47th percentile of the set.

The grace period

Purchases carry a 21-day grace period: pay the statement in full inside it and the purchase rate never applies. The typical filing here allows 25 days, so this one is tighter than most.

How it sits in the issuer's own range

11 separate Idaho Central Credit Union filings appear in the corpus. Their disclosed purchase rates run from 17.99% to 24%, and this one at 24% is more expensive than 4 of them.

What you cannot learn from the filing

Absent from the captured terms: an annual fee. The original document is the place to look for any of these.

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.

The document itself

The original filing, 3 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 24% on purchases is near enough to typical.