visa disclosures

visa disclosures 2023, as filed by Mountain America Federal Credit Union, carries a 18% purchase APR and no annual fee. That purchase rate ranks near the 34th percentile across this corpus of 4,587 filings.

On the face of the filing

visa disclosures 2023 is one of the agreements Mountain America Federal Credit Union has on file with the CFPB. The filing runs six pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

Where the purchase APR sits

18% puts the purchase APR near the 34th percentile across 2,280 agreements, so it comes in under the midpoint of the corpus.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

Translating the rate into money

Carry $1,500 on this card for a year without paying it down and the purchase rate alone generates roughly $296 in interest.

Measured against the 21.99% corpus median, the same $1,500 costs approximately $73 less per year here.

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.

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.

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

The no-interest path

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

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

Default pricing

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

The issuer's other agreements

There are 6 filings from Mountain America Federal Credit Union in this index. Across that lineup purchase rates span 17.99% to 18%; this filing's 18% sits above 2 of the comparable ones.

What the filing does not tell you

Absent from the captured terms: anything about cash advances 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.

The document itself

The original filing, 6 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 18% 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.