Platinum Select MasterCard Agreement and Statement

On the record for Platinum Select MasterCard Agreement and Statement: a 16.49% purchase APR and no annual fee, filed by Orange Countys Credit Union. Against the 4,587 filings on this site, that rate lands around the 18th percentile.

What the agreement puts on the record

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

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

Pricing the purchase rate

The purchase APR of 16.49% places this agreement around the 18th percentile of the set — it is comfortably below what most issuers filed.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

Translating the rate into money

A $1,000 balance left untouched for twelve months accrues about $179 in interest at this purchase rate.

A typical filing in this index would charge about $246 on that balance; this one is roughly $67 a year below it.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Penalty pricing and late fees

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Fees, and what triggers them

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.

Cash advances carry 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. On $2,000 that fee is about $40 before any interest is charged.

The filing sets a 1% foreign transaction fee, which adds roughly $30 to $3,000 spent outside the United States.

The issuer's other agreements

There are 4 filings from Orange Countys Credit Union in this index. Across that lineup purchase rates span 18.49% to 19.49%; this filing's 16.49% sits above 0 of the comparable ones.

What is outside the disclosure

Absent from the captured terms: a grace period 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.

Where the authority sits

This summary stands or falls on the linked PDF — one page. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

16.49% places this filing at the inexpensive end of the set, which is the headline here.