VISA Signature Disclosure 2023

Midflorida Credit Union's filed agreement for 19072 VISA Signature Disclosure 2023 04 discloses a 18% purchase APR. That purchase rate ranks near the 34th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

The document behind this page is Midflorida Credit Union's filed agreement for 19072 VISA Signature Disclosure 2023 04. The filing runs four pages, and It is issued on the Visa network.

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

Where the purchase APR sits

At 18%, the purchase APR falls at roughly the 34th percentile of the 2,280 filings indexed here, which is on the cheaper side of the median.

Translating the rate into money

Put $1,200 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $237.

Measured against the 21.99% corpus median, the same $1,200 costs approximately $58 less per year here.

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

Where the fees are

Cash advances carry a cash advance APR of 18%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Foreign transactions attract 1%. On $1,000 of overseas spending that is $10, charged on top of whatever exchange rate applies.

What a missed payment costs

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The grace period

Anyone clearing the statement balance inside 21 days pays no purchase interest at all under this filing. With a corpus median of 25 days, this window is narrower than the norm.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

What is outside the disclosure

Absent from the captured terms: balance transfer terms, an annual fee and penalty pricing. The original document is the place to look for any of these.

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.

Inside Midflorida Credit Union's filed lineup

3 separate Midflorida Credit Union filings appear in the corpus.

Where the authority sits

Everything here is a reading of the filed agreement, four pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 18% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.