Visa Credit Card Disclosures

On the record for Visa Credit Card Disclosures: a purchase APR of 16.25%–21.74% and no annual fee, filed by Magnolia State Bank. The purchase rate sits at roughly the 47th percentile of the 4,587 agreements indexed here.

What the document actually states

Magnolia State Bank submitted the terms for Visa Credit Card Disclosures to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs one page.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. A penalty rate is not stated.

The purchase APR against the corpus

The purchase APR is quoted as a range of 16.25% to 21.74%. That 5.49-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 40th percentile of filed purchase rates; the ceiling sits at about the 47th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

What the rate means in dollars

The purchase rate turns a $1,000 revolving balance into roughly $243 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 $3 annually against that benchmark.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

The no-interest path

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

Where interest applies at all, the filing bills at least $1.50. On a tiny balance that floor can dwarf the rate itself.

The downside terms

On the fee side, a late payment can cost up to $39, which is around the 63rd percentile here.

What the card costs before you borrow

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 $10 or 5% of the advance, whichever is greater and a cash advance APR of 29.99%. That is 8.25 points above the purchase rate.

The transfer fee is $10 or 3% of the amount transferred, whichever is greater; transferred balances then run at 21.75%. Transferring $7,500 would cost roughly $225 at the door.

Foreign transactions attract 3%. On $2,000 of overseas spending that is $60, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

What you cannot learn from the filing

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.

Go to the source

This summary stands or falls on the linked PDF — one page. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 21.74% 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.