Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Late payment fee | up to $29 |
|---|---|
| Foreign transaction fee | None |
| Cash advance fee | $5.00 or 3.00% of the amount of each |
| Grace period | 25 days |
| Network | Mastercard |
Analysis
Penair Credit Union filed this agreement for Q1 2024 Business CC Addendum.
What this filing discloses
Penair Credit Union submitted the terms for Q1 2024 Business CC Addendum to the CFPB's agreement database; this is what they contain. It is issued on the Mastercard network and the filing runs two pages.
The filing is explicit about a late payment maximum, a foreign transaction fee and a grace period. A purchase rate, a cash advance rate and a balance transfer rate are not stated.
Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.
Penalty pricing and late fees
The maximum late fee is $29 — roughly the 47th percentile of the late fee ceilings disclosed across this index.
The fee structure
Cash advances carry a cash advance fee of $5 or 3% of the advance, whichever is greater. The two halves of that fee cross at about $167: below it the flat $5 applies, above it the percentage does.
No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.
The no-interest path
Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.
Inside Penair Credit Union's filed lineup
There are 4 filings from Penair Credit Union in this index.
What the filing does not tell you
Absent from the captured terms: a purchase rate, balance transfer terms, an annual fee and penalty pricing. The original document is the place to look for any of these.
More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.
The document itself
The filed PDF is linked from this page and runs two pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.
In short
All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.
The source document
This page is a reading of one document: the cardholder agreement Penair Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Penair Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Penair Credit Union
-
Q1 2024 Consumer ASD
Agreement filed with the CFPB
- Purchase APR
- 14.15%–18%
- Annual fee
- $0
- Foreign tx fee
- None
Where this card sits
Groups this agreement qualifies for, by its own disclosed terms:
Comparable cards from other issuers
Closest disclosed purchase APR among cards in the same groups.