Credit Card

North Star Community Credit Union's filed agreement for Credit Card discloses a 11% purchase APR. That purchase rate ranks near the 7th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

What follows is drawn entirely from North Star Community Credit Union's CFPB filing for Credit Card. It is issued on the Visa network and the filing runs two pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a foreign transaction fee. A penalty rate and an annual fee line are not stated.

How the purchase rate compares

11% puts the purchase APR near the 7th percentile across 2,280 agreements, so it reads as inexpensive against the rest of the filings.

The cost of carrying a balance

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $116 in 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 $130 annually against that benchmark.

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.

Fees, and what triggers them

For cash advances the filing discloses a cash advance APR of 11%.

The filing discloses a 11% balance transfer rate without an accompanying fee figure.

Foreign transactions carry no fee. Only about 22% of the filings here that disclose a foreign transaction fee set it at zero, so this is a genuine point of difference.

Default pricing

Late payments are capped at $15 under this filing, about the 11th percentile of late fee maximums in the corpus.

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

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

The limits of this document

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

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Where the authority sits

Everything here is a reading of the filed agreement, two 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 11% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.