VISA Credit Card Pricing Addendum 10

Peopleschoice Credit Union's filed agreement for VISA Credit Card Pricing Addendum 10 2020 discloses a 13.9% purchase APR and a 2.99% introductory rate. That purchase rate ranks near the 12th percentile across this corpus of 4,587 filings.

On the face of the filing

Peopleschoice Credit Union filed this agreement for VISA Credit Card Pricing Addendum 10 2020 with the Consumer Financial Protection Bureau. The filing runs one page, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate and a balance transfer rate. It is silent on a penalty rate, an annual fee line and a late payment maximum.

The promotional period

The introductory rate is 2.99%, held for six months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 2.99% sits at about the 79th percentile.

Behind the promotion sits a 13.9% purchase rate. On $3,000 that is in the region of $447 a year once the window closes.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 13.9% lands at the 12th percentile; it sits well down in the cheaper fifth of the set.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The arithmetic of revolving

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $373 in interest.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $242 cheaper for the same debt.

Broken down to a single thirty-day cycle, the same balance accrues roughly $28.72.

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.

Charges beyond interest

Cash advances carry a cash advance APR of 13.9%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 2.99% balance transfer rate without an accompanying fee figure.

How it sits in the issuer's own range

8 separate Peopleschoice Credit Union filings appear in the corpus. Pricing across this issuer's filings is uniform at 13.9% — the rate table does not distinguish one of its cards from another.

What the filing does not tell you

Absent from the captured terms: an annual fee, a foreign transaction fee, a grace period 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 one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 13.9% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.