Platinum Rewards MasterCard Agreement and Statement

On the record for Platinum Rewards MasterCard Agreement and Statement: a purchase APR of 11.49%–19.49% and no annual fee, filed by Orange Countys Credit Union. That purchase rate ranks near the 41st percentile across this corpus of 4,587 filings.

What the document actually states

Platinum Rewards MasterCard Agreement and Statement is one of the agreements Orange Countys Credit Union has on file with the CFPB. It is issued on the Mastercard network and the filing runs one page.

On the record here: a purchase rate, an annual fee line, a late payment maximum and a foreign transaction fee. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

Where the purchase APR sits

The purchase APR is quoted as a range of 11.49% to 19.49%. That 8-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 15th percentile of filed purchase rates; the ceiling sits at about the 41st. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

The arithmetic of revolving

Carry $2,000 on this card for a year without paying it down and the purchase rate alone generates roughly $430 in interest.

Priced at the median of 21.99%, that balance would generate about $492 in a year — so this agreement comes in around $61 cheaper for the same debt.

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

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.

For cash advances the filing discloses a cash advance fee of 2%.

A balance transfer costs 2% of the amount transferred up front. The filing does not separately state the rate applied to transferred balances. Shifting $7,500 across attracts something like $150 in fees on day one.

Spending abroad costs an extra 1% — about $20 on $2,000 of purchases, independent of interest.

When a payment is late

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

What you cannot learn from the filing

This page cannot tell you a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Inside Orange Countys Credit Union's filed lineup

Orange Countys Credit Union has 4 agreements indexed on this site. The issuer's own range is 16.49%–18.49%. At 19.49%, this agreement is dearer than 2 of its siblings.

Go to the source

The original filing, 1 page 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 — 19.49% on purchases is near enough to typical.