Credit Card

On the record for Credit Card: a 23.99% purchase APR and no annual fee, filed by Lake Trust Credit Union. Against the 4,587 filings on this site, that rate lands around the 57th percentile.

What this filing discloses

Lake Trust Credit Union filed this agreement for Credit Card with the Consumer Financial Protection Bureau. The filing runs two pages.

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

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.

How the purchase rate compares

Measured against every other filing on the site, 23.99% is about the 57th percentile for purchase APR; it is unremarkable against the rest of the set.

The arithmetic of revolving

At the disclosed purchase APR, $1,200 revolving for a full year costs something like $325 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $295. The gap — roughly $30 a year on $1,200 — is the price of this particular filing over a typical one.

Month to month it reads as about $23.89 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 $35, which is around the 54th percentile here.

Where the fees are

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.

Foreign transactions attract 1%. On $3,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

The no-interest path

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.

Inside Lake Trust Credit Union's filed lineup

15 separate Lake Trust Credit Union filings appear in the corpus. Pricing across this issuer's filings is uniform at 23.99% — the rate table does not distinguish one of its cards from another.

What you cannot learn from the filing

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

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.

Where the authority sits

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

In short

At 23.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.