Visa Credit Card Rates

On the record for Visa Credit Card Rates: a 15.9% purchase APR and a 0% opening rate, filed by Notre Dame Federal Credit Union. The purchase rate sits at roughly the 17th percentile of the 4,587 agreements indexed here.

On the face of the filing

The document behind this page is Notre Dame Federal Credit Union's filed agreement for Visa Credit Card Rates. The filing runs three pages, and It is issued on the Visa network.

The disclosure covers 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.

This document discloses several products inside a single rate table. That means the numbers below are the ones the table contains, not necessarily the ones attached to this particular card — the filing itself is the only way to tell them apart.

Zero percent, and then what

The filing discloses a 0% introductory rate, though it does not state how long the promotional period runs.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

What matters more than the promotion is the rate waiting behind it: 15.9%. A $1,000 balance that survives the promotional window costs roughly $172 a year from that point on.

How the purchase rate compares

Measured against every other filing on the site, 15.9% is about the 17th percentile for purchase APR; it falls in the low band of the corpus.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

What the rate means in dollars

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $517 in interest.

Priced at the median of 21.99%, that balance would generate about $738 in a year — so this agreement comes in around $221 cheaper for the same debt.

Per statement cycle that is on the order of $39.45 on $3,000, which is the number that actually shows up on a bill.

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

Fees, and what triggers them

For cash advances the filing discloses a cash advance fee of 4% and a cash advance APR of 17.9%. The premium over purchases is 2 percentage points.

The transfer fee is 4% of the amount transferred; transferred balances then run at 9.9%. On $2,000 that fee is about $80 before any interest is charged.

Spending abroad costs an extra 4% — about $60 on $1,500 of purchases, independent of interest.

That is at the high end of this corpus — around the 99th percentile of disclosed foreign transaction fees.

The downside terms

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

Paying in full

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

What the filing does not tell you

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

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Go to the source

The original filing, 3 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 purchase rate of 15.9% is one of the cheaper figures in this index — the central point in the agreement's favour. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.