Classic Documents

Pennsylvania State Employees CU's filed agreement for Classic Documents discloses a 12.9% purchase APR, no annual fee and a 2.9% introductory rate. That purchase rate ranks near the 10th percentile across this corpus of 4,587 filings.

What the document actually states

Pennsylvania State Employees CU filed this agreement for Classic Documents with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs eight pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

The introductory rate

An introductory rate of 2.9% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 2.9% sits at about the 73rd percentile.

What matters more than the promotion is the rate waiting behind it: 12.9%. A $2,000 balance that survives the promotional window costs roughly $275 a year from that point on.

Pricing the purchase rate

Set beside the rest of the index, the purchase APR of 12.9% lands at the 10th percentile; it sits well down in the cheaper fifth of the set.

The cost of carrying a balance

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $413 in interest.

The corpus median purchase rate is 21.99%, which on the same $3,000 would cost about $738 a year. This filing saves roughly $325 annually against that benchmark.

Per statement cycle that is on the order of $31.97 on $3,000, which is the number that actually shows up on a bill.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

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 APR of 14.9%. The premium over purchases is 2 percentage points. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 12.9% balance transfer rate without an accompanying fee figure.

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.

Penalty pricing and late fees

The maximum late fee is $20 — roughly the 17th percentile of the late fee ceilings disclosed across this index.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. 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.

How it sits in the issuer's own range

Pennsylvania State Employees CU has 4 agreements indexed on this site. Pricing across this issuer's filings is uniform at 16.65% — the rate table does not distinguish one of its cards from another.

What is outside the disclosure

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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.

Go to the source

The original filing, 8 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

12.9% places this filing at the inexpensive end of the set, which is the headline here.