Consumer CC Agreement

On the record for Consumer CC Agreement 073123: a purchase APR of 13.95%–18% and a 18% penalty rate, filed by Robins Financial Credit Union. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

What the document actually states

Robins Financial Credit Union filed this agreement for Consumer CC Agreement 073123 with the Consumer Financial Protection Bureau. The filing runs nine pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and a late payment maximum. No figure appears for an annual fee line.

The purchase APR against the corpus

Purchases price between 13.95% and 18% under this filing. The 4.05-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Read against the index, the low end ranks around the 27th percentile and the high end around the 34th — the band straddles a wide stretch of the market this corpus describes.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

Translating the rate into money

Carry $1,000 on this card for a year without paying it down and the purchase rate alone generates roughly $197 in interest.

Priced at the median of 21.99%, that balance would generate about $246 in a year — so this agreement comes in around $49 cheaper for the same debt.

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

For cash advances the filing discloses a cash advance fee of $5 or 1% of the advance, whichever is greater and a cash advance APR of 15.95%. Advances under roughly $500 are charged the flat $5; larger ones are charged 1%.

Transferred balances are priced at 13.95%; no separate transfer fee was captured from the filing.

Spending abroad costs an extra 1% — about $20 on $2,000 of purchases, independent of interest.

Default pricing

The agreement discloses penalty pricing of 18% — about the 19th percentile of the 794 penalty rates recorded across this index.

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

Inside Robins Financial Credit Union's filed lineup

11 separate Robins Financial Credit Union filings appear in the corpus. Across that lineup purchase rates span 12.95% to 18%; this filing's 18% sits above 1 of the comparable ones.

What you cannot learn from the filing

Absent from the captured terms: an annual fee. 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 nine pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

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