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.
| Purchase APR | 10.9% |
|---|---|
| Penalty APR | 18% |
| Annual fee | $0 |
| Late payment fee | up to $20 |
| Cash advance fee | None |
| Balance transfer fee | None |
| Minimum interest charge | $1.5 |
| Network | Visa |
Analysis
On the record for Visa Credit Card Agreement, Disclosures, and Application: a 10.9% purchase APR, no annual fee and a 18% penalty rate, filed by Norstate Federal Credit Union. Against the 4,587 filings on this site, that rate lands around the 6th percentile.
On the face of the filing
This page covers the agreement Norstate Federal Credit Union filed for Visa Credit Card Agreement, Disclosures, and Application. It is issued on the Visa network and the filing runs four pages.
Terms captured from the document include a purchase rate, a penalty rate, an annual fee line and a late payment maximum. No figure appears for a cash advance rate, a balance transfer rate and a foreign transaction fee.
The purchase rate in context
At 10.9%, the purchase APR falls at roughly the 6th percentile of the 2,280 filings indexed here, which sits well down in the cheaper fifth of the set.
The arithmetic of revolving
At the disclosed purchase APR, $2,000 revolving for a full year costs something like $230 in interest.
The corpus median purchase rate is 21.99%, which on the same $2,000 would cost about $492 a year. This filing saves roughly $261 annually against that benchmark.
Small balances do not get a proportionally small bill — the agreement imposes a $1.50 minimum interest charge in any month where interest applies.
That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.
Charges beyond interest
The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.
Default pricing
If the account defaults, the filing permits a rate of 18%. Among disclosing agreements here that ranks near the 19th percentile.
A default therefore reprices the debt by 7.1 points: about $205 a year more on $2,500, for as long as the penalty rate stands.
The maximum late fee is $20 — roughly the 17th percentile of the late fee ceilings disclosed across this index.
Paying in full
A minimum interest charge of $1.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.
What the filing does not tell you
This page cannot tell you a foreign transaction fee and a grace period, because the filing's disclosure table as read does not contain them.
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.
Where the authority sits
This summary stands or falls on the linked PDF — four pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.
In short
10.9% places this filing at the inexpensive end of the set, which is the headline here.
The source document
This page is a reading of one document: the cardholder agreement Norstate 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 Norstate Federal Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Norstate Federal Credit Union
This is the only agreement from Norstate 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 purchase APR among cards in the same groups.