Visa Credit Card Agreement and Disclosure

Redwood Credit Union's filed agreement for Visa Credit Card Agreement and Disclosure discloses no annual fee.

What the document actually states

Redwood Credit Union submitted the terms for Visa Credit Card Agreement and Disclosure to the CFPB's agreement database; this is what they contain. The filing runs eight pages, and It is issued on the Visa network.

Terms captured from the document include a cash advance rate, an annual fee line, a late payment maximum and a grace period. A purchase rate, a balance transfer rate and a penalty rate are not stated.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

Charges beyond interest

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Taking cash against the card means a cash advance APR of 2%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Transfers are charged a flat $0, though no distinct transfer APR appears in the document.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

The downside terms

The maximum late fee is $15 — roughly the 11th percentile of the late fee ceilings disclosed across this index.

Against the rest of Redwood Credit Union's filings

There are 9 filings from Redwood Credit Union in this index.

What you cannot learn from the filing

The disclosure parsed here does not state a purchase rate, a foreign transaction fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

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

Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.