Visa Rewards Credit Card Account Opening Disclosure 10 90%

The Visa Rewards Credit Card Account Opening Disclosure 10 90% filing from J S C Federal Credit Union sets out a 10.9% purchase APR, no annual fee and a 2.99% introductory rate. Against the 4,587 filings on this site, that rate lands around the 6th percentile.

On the face of the filing

What follows is drawn entirely from J S C Federal Credit Union's CFPB filing for Visa Rewards Credit Card Account Opening Disclosure 10 90%. The filing runs two pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

Introductory pricing

For the first six months the filing sets a reduced rate of 2.99%. Balances still cost something during that window.

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

The go-to rate is 10.9%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $345 a year on $3,000.

How the purchase rate compares

10.9% puts the purchase APR near the 6th percentile across 2,280 agreements, so it reads as inexpensive against the rest of the filings.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The arithmetic of revolving

The purchase rate turns a $1,500 revolving balance into roughly $173 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,500 would cost about $369 a year. This filing saves roughly $196 annually against that benchmark.

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

Charges beyond interest

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.

Cash advances carry a cash advance APR of 10.9%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Transferred balances are priced at 10.9%; no separate transfer fee was captured from the filing.

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

Penalty pricing and late fees

The maximum late fee is $0 — roughly the 2nd percentile of the late fee ceilings disclosed across this index.

The grace period

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.

The limits of this document

Absent from the captured terms: penalty pricing. 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.

How it sits in the issuer's own range

This is one of 12 J S C Federal Credit Union agreements collected here. Their disclosed purchase rates run from 7.9% to 17.9%, and this one at 10.9% is more expensive than 3 of them.

Reading the agreement yourself

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

In short

10.9% places this filing at the inexpensive end of the set, which is the headline here.