Cash Back Visa Credit Card Agreement and Disclosure 18 24%

On the record for Cash Back Visa Credit Card Agreement and Disclosure 18 24%: a 0% purchase APR, no annual fee, a 21.24% introductory rate and a 29.99% penalty rate, filed by Landmark Credit Union. The purchase rate sits at roughly the 1st percentile of the 4,587 agreements indexed here.

The disclosed terms

This page covers the agreement Landmark Credit Union filed for Cash Back Visa Credit Card Agreement and Disclosure 18 24%. The filing runs two pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, a cash advance rate, a penalty rate, an annual fee line and a grace period. No figure appears for a balance transfer rate, a late payment maximum and a foreign transaction fee.

The introductory rate

An introductory rate of 21.24% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 21.24% sits at about the 99th percentile.

Behind the promotion sits a 0% purchase rate. On $2,000 that is in the region of $0 a year once the window closes.

Where the purchase APR sits

Ranked against the corpus, this purchase APR — 0% — sits at approximately the 1st percentile and lands at the extreme low end of the filings.

Translating the rate into money

The purchase rate turns a $3,000 revolving balance into roughly $0 of annual interest.

Measured against the 21.99% corpus median, the same $3,000 costs approximately $738 less per year here.

Per statement cycle that is on the order of $0 on $3,000, which is the number that actually shows up on a bill.

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.

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.

Taking cash against the card means a cash advance APR of 21.24%. The premium over purchases is 21.24 percentage points.

The no-interest path

Anyone clearing the statement balance inside 27 days pays no purchase interest at all under this filing. Against a corpus median of 25 days, this is a wider window than usual.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

Default pricing

A penalty APR of 29.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 61st percentile.

The jump from 0% to 29.99% is 29.99 percentage points, worth roughly $699 extra per year on $2,000 of balance.

How it sits in the issuer's own range

This is one of 22 Landmark Credit Union agreements collected here. Their disclosed purchase rates run from 0% to 23.99%, and this one at 0% is more expensive than 0 of them.

8 of the issuer's other 10 disclosing filings are likewise fee-free.

What you cannot learn from the filing

Absent from the captured terms: balance transfer terms and a foreign transaction fee. The original document is the place to look for any of these.

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.

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

0% places this filing at the inexpensive end of the set, which is the headline here. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.