Classic Visa Agreement and Federal Truth In Lending Disclosure Tier 17

Classic Visa Agreement and Federal Truth In Lending Disclosure Tier 17 90, as filed by Los Angeles Police Federal Credit Union, carries a 17.9% purchase APR, no annual fee and a six-month 0% opening period. The purchase rate sits at roughly the 24th percentile of the 4,587 agreements indexed here.

What the document actually states

This page covers the agreement Los Angeles Police Federal Credit Union filed for Classic Visa Agreement and Federal Truth In Lending Disclosure Tier 17 90. The filing runs two pages, and It is issued on the Visa network.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

What the promotional rate is worth

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

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

The go-to rate is 17.9%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $196 a year on $1,000.

The promotional window is therefore worth something on the order of $98 on $1,000, measured against the same balance priced at the standard rate for the same period.

The purchase APR against the corpus

Ranked against the corpus, this purchase APR — 17.9% — sits at approximately the 24th percentile and undercuts the typical filing.

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.

Translating the rate into money

The purchase rate turns a $1,500 revolving balance into roughly $294 of annual interest.

Priced at the median of 21.99%, that balance would generate about $369 in a year — so this agreement comes in around $75 cheaper for the same debt.

Broken down to a single thirty-day cycle, the same balance accrues roughly $22.23.

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.

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.

Taking cash against the card means a cash advance fee of $2 or 2% of the advance, whichever is greater and a cash advance APR of 17.9%. The two halves of that fee cross at about $100: below it the flat $2 applies, above it the percentage does.

The filing discloses a 17.9% balance transfer rate without an accompanying fee figure.

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

The grace period

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.

When a payment is late

Late payments are capped at $15 under this filing, about the 11th percentile of late fee maximums in the corpus.

Inside Los Angeles Police Federal Credit Union's filed lineup

Los Angeles Police Federal Credit Union has 11 agreements indexed on this site. Their disclosed purchase rates run from 12.15% to 17.9%, and this one at 17.9% is more expensive than 6 of them.

The limits of this document

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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.

Reading the agreement yourself

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

The pricing here is middling by the standards of the index — 17.9% on purchases is near enough to typical. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.