Credit Card

Credit Card, as filed by Lake Trust Credit Union, carries a 23.99% purchase APR and no annual fee. That purchase rate ranks near the 57th percentile across this corpus of 4,587 filings.

What the document actually states

This page covers the agreement Lake Trust Credit Union filed for Credit Card. The filing runs two pages.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for 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

At 23.99%, the purchase APR falls at roughly the 57th percentile of the 2,280 filings indexed here, which is unremarkable against the rest of the set.

What a balance actually costs

A $1,000 balance left untouched for twelve months accrues about $271 in interest at this purchase rate.

A card priced at the corpus median of 21.99% would charge roughly $246 on that balance. This one charges about $25 more per year.

Broken down to a single thirty-day cycle, the same balance accrues roughly $19.91.

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.

Penalty pricing and late fees

Late payments are capped at $35 under this filing, about the 54th percentile of late fee maximums in the corpus.

The fee structure

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.

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

Paying in full

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

How it sits in the issuer's own range

This is one of 15 Lake Trust Credit Union agreements collected here. Every one of the others that discloses a purchase rate discloses the same 23.99%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

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.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

The document itself

This summary stands or falls on the linked PDF — two pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

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. The absence of an annual fee means the rate is the only thing that can make this card expensive.