Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Annual fee | $0 |
|---|---|
| Late payment fee | up to $25 |
| Foreign transaction fee | 1% |
| Cash advance fee | None |
| Balance transfer fee | None |
| Grace period | 25 days |
| Network | Visa |
Analysis
The 02 18 2025 Application and Solicitation Disclosure filing from Launch Credit Union sets out no annual fee.
What the agreement puts on the record
02 18 2025 Application and Solicitation Disclosure is one of the agreements Launch Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs two pages.
The disclosure covers an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a purchase rate, a cash advance rate and a balance transfer rate.
Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.
Where the fees are
There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.
Spending abroad costs an extra 1% — about $15 on $1,500 of purchases, independent of interest.
The grace period
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.
Default pricing
Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.
How it sits in the issuer's own range
Launch Credit Union has 3 agreements indexed on this site.
What you cannot learn from the filing
Absent from the captured terms: a purchase rate and penalty pricing. The original document is the place to look for any of these.
It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.
Where the authority sits
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
Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.
The source document
This page is a reading of one document: the cardholder agreement Launch Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Launch Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Launch Credit Union
-
10 2025 Account Opening Disclosure
Agreement filed with the CFPB
- Annual fee
- $0
- Foreign tx fee
- 1%
Where this card sits
Groups this agreement qualifies for, by its own disclosed terms:
Comparable cards from other issuers
Closest disclosed purchase APR among cards in the same groups.