Before you read the numbers.
This agreement prices the card as the Prime Rate plus a margin rather than as a fixed APR. The figure shown is that margin in percentage points, not an APR. The rate actually charged moves whenever Prime moves, so the cost of carrying a balance changes without the issuer amending the agreement.
The filing discloses a promotional rate alongside the ongoing rate. The figure shown here is the go-to rate that applies once the promotional period ends, because that is the rate that governs for the life of the account.
Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Introductory APR | 1.99% for 12 months |
|---|---|
| Annual fee | $0 |
| Late payment fee | up to $35 |
| Foreign transaction fee | 1% |
| Cash advance fee | 2% or $10 (whichever is greater) 2% or $10 (whichever is greater) 2% or $10 (whichever is greater) |
| Balance transfer fee | None |
| Grace period | 25 days |
| Network | Visa |
Analysis
The Visa Credit Card Terms and Conditions filing quotes margins over Prime instead of finished rates. What that leaves knowable — and what it does not — is the subject of this analysis.
What the document actually states
Mid-Hudson Valley Federal Credit Union submitted the terms for Visa Credit Card Terms and Conditions to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs two pages.
The disclosure covers an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. A purchase rate, a cash advance rate and a balance transfer rate are not stated.
The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.
A margin over Prime, not a rate
This filing does not quote finished APRs. It states margins — numbers that are added to the Prime Rate to produce the rate actually charged. Everything below should be read that way.
No cost illustration appears in this section for a reason: multiplying a margin by a balance produces a meaningless number. The real rate is Prime plus the margin, and Prime is not in this document.
Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.
The no-interest path
Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.
The downside terms
On the fee side, a late payment can cost up to $35, which is around the 54th 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 2% of the advance, whichever is greater.
Foreign transactions attract 1%. On $2,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.
What you cannot learn from the filing
This page cannot tell you a purchase rate and penalty pricing, because the filing's disclosure table as read does not contain them.
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 — two pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.
In short
The honest summary is that this filing discloses a structure rather than a price. The margins are real and comparable to each other; the cost of borrowing is whatever Prime makes it.
The source document
This page is a reading of one document: the cardholder agreement Mid-Hudson Valley Federal Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Mid-Hudson Valley Federal Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Mid-Hudson Valley Federal Credit Union
This is the only agreement from Mid-Hudson Valley Federal Credit Union in the database with enough disclosed terms to publish. See the issuer's full filing list.
Where this card sits
Groups this agreement qualifies for, by its own disclosed terms:
Comparable cards from other issuers
Closest disclosed margin over Prime among cards in the same groups.