Credit Card Agreement and Disclosure Web Version

The Credit Card Agreement and Disclosure Web Version filing from Logix Federal Credit Union sets out a 12.49% purchase APR, a 15-month 0% opening period and a 17.99% penalty rate. The purchase rate sits at roughly the 9th percentile of the 4,587 agreements indexed here.

What this filing discloses

Logix Federal Credit Union filed this agreement for Credit Card Agreement and Disclosure Web Version with the Consumer Financial Protection Bureau. It is issued on the Mastercard network and the filing runs eight pages.

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

The interest-free window

A 15-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

The go-to rate is 12.49%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $133 a year on $1,000.

Put the other way round, the 15-month zero rate is worth roughly $166 on a $1,000 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

Pricing the purchase rate

Ranked against the corpus, this purchase APR — 12.49% — sits at approximately the 9th percentile and sits well down in the cheaper fifth of the set.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

What a balance actually costs

Carry $3,000 on this card for a year without paying it down and the purchase rate alone generates roughly $399 in interest.

Priced at the median of 21.99%, that balance would generate about $738 in a year — so this agreement comes in around $339 cheaper for the same debt.

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.

Penalty pricing and late fees

If the account defaults, the filing permits a rate of 17.99%. Among disclosing agreements here that ranks near the 12th percentile.

A default therefore reprices the debt by 5.5 points: about $160 a year more on $2,500, for as long as the penalty rate stands.

$30 is the disclosed ceiling on a late payment fee, placing it near the 49th percentile of the set.

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

What you cannot learn from the filing

This page cannot tell you anything about cash advances, balance transfer terms, an annual fee and a foreign transaction fee, 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

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

In short

12.49% places this filing at the inexpensive end of the set, which is the headline here.