Platinum D 17 90%

Los Angeles Police Federal Credit Union's filed agreement for Platinum D 17 90% discloses a 17.9% purchase APR, no annual fee, a six-month 0% opening period and a 17.9% penalty rate. Against the 4,587 filings on this site, that rate lands around the 24th percentile.

The disclosed terms

This page covers the agreement Los Angeles Police Federal Credit Union filed for Platinum D 17 90%. The filing runs one page.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

What the promotional rate is worth

The filing discloses a 0% introductory rate running six months. For that window, balances covered by the promotion accrue no interest at all.

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.

Once the introductory period ends the rate becomes 17.9%, which turns a lingering $5,000 balance into approximately $980 of annual interest.

The promotional window is therefore worth something on the order of $490 on $5,000, 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 sits below the middle of the distribution.

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.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

What a balance actually costs

The purchase rate turns a $1,000 revolving balance into roughly $196 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,000 would cost about $246 a year. This filing saves roughly $50 annually against that benchmark.

Per statement cycle that is on the order of $14.82 on $1,000, which is the number that actually shows up on a bill.

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.

What a missed payment costs

A penalty APR of 17.9% 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 8th percentile.

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

Charges beyond interest

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.

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.

Balance transfers cost a flat $0 up front and then accrue at 17.9%.

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

Paying in full

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.

Against the rest of Los Angeles Police Federal Credit Union's filings

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 you cannot learn from the filing

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 one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 17.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.