Smart CC Account Opening

On the record for Smart CC Account Opening: a 18% purchase APR and no annual fee, filed by Orlando Credit Union. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

On the face of the filing

This page covers the agreement Orlando Credit Union filed for Smart CC Account Opening. The filing runs two pages.

On the record here: a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

Note that the purchase APR row in this table carries no explicit label in the filing, which introduces some ambiguity about what it covers.

The purchase rate in context

The purchase APR of 18% places this agreement around the 34th percentile of the set — it comes in under the midpoint of the corpus.

What the rate means in dollars

At the disclosed purchase APR, $1,500 revolving for a full year costs something like $296 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,500 would cost about $369 a year. This filing saves roughly $73 annually against that benchmark.

Broken down to a single thirty-day cycle, the same balance accrues roughly $22.35.

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.

When a payment is late

On the fee side, a late payment can cost up to $20, which is around the 17th percentile here.

What the card costs before you borrow

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Cash advances carry a cash advance fee of $10 or 1% of the advance, whichever is greater.

Foreign transactions attract 1%. On $2,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

The grace period

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.

Inside Orlando Credit Union's filed lineup

Orlando Credit Union has 7 agreements indexed on this site. Pricing across this issuer's filings is uniform at 18% — the rate table does not distinguish one of its cards from another.

The limits of this document

Absent from the captured terms: 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.

Reading the agreement yourself

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

In short

18% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.