Platinum C 17 90%

Los Angeles Police Federal Credit Union's filed agreement for Platinum C 17 90% discloses a 17.9% purchase APR, no annual fee, a six-month 0% opening period and a 17.9% penalty rate. The purchase rate sits at roughly the 24th percentile of the 4,587 agreements indexed here.

On the face of the filing

Platinum C 17 90% is one of the agreements Los Angeles Police Federal Credit Union has on file with the CFPB. The filing runs one page.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

The interest-free window

This agreement opens at 0% for six months, the only period in the document where carrying a balance is free.

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

What matters more than the promotion is the rate waiting behind it: 17.9%. A $1,000 balance that survives the promotional window costs roughly $196 a year from that point on.

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.

How the purchase rate compares

17.9% puts the purchase APR near the 24th percentile across 2,280 agreements, so it comes in under the midpoint of the corpus.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The arithmetic of revolving

The purchase rate turns a $2,000 revolving balance into roughly $392 of annual interest.

Measured against the 21.99% corpus median, the same $2,000 costs approximately $100 less per year here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $29.63.

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.

Paying in full

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

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

When a payment is late

The agreement discloses penalty pricing of 17.9% — about the 8th percentile of the 794 penalty rates recorded across this index.

$15 is the disclosed ceiling on a late payment fee, placing it near the 11th percentile of the set.

What the card costs before you borrow

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 grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Moving a balance onto this card carries an up-front charge of a flat $0, with the transferred balance priced at 17.9%.

Spending abroad costs an extra 1% — about $30 on $3,000 of purchases, independent of interest.

Inside Los Angeles Police Federal Credit Union's filed lineup

11 separate Los Angeles Police Federal Credit Union filings appear in the corpus. Across that lineup purchase rates span 12.15% to 17.9%; this filing's 17.9% sits above 6 of the comparable ones.

What the filing does not tell you

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Where the authority sits

Everything here is a reading of the filed agreement, one page 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. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.