Consumer CC Agreement 4th Quarter

The Consumer CC Agreement 4th Quarter 2022 filing from Robins Financial Credit Union sets out a purchase APR of 13.2%–18% and a 18% penalty rate. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

What the document actually states

The document behind this page is Robins Financial Credit Union's filed agreement for Consumer CC Agreement 4th Quarter 2022. The filing runs nine pages, and It is issued on the Visa network.

On the record here: 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 filing bundles multiple products into one disclosure table. Any figure quoted here may describe a related card in the same filing, so the PDF should be read before treating these numbers as this card's own.

Where the purchase APR sits

The purchase APR is quoted as a range of 13.2% to 18%. That 4.8-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Read against the index, the low end ranks around the 23rd percentile and the high end around the 34th — the band straddles a wide stretch of the market this corpus describes.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

The cost of carrying a balance

A $1,200 balance left untouched for twelve months accrues about $237 in interest at this purchase rate.

A typical filing in this index would charge about $295 on that balance; this one is roughly $58 a year below it.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Where the fees are

Cash advances carry a cash advance fee of $5 or 1% of the advance, whichever is greater and a cash advance APR of 15.2%. Advances under roughly $500 are charged the flat $5; larger ones are charged 1%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 13.2% balance transfer rate without an accompanying fee figure.

Foreign transactions attract 1%. On $2,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

Default pricing

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

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

The grace period

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

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.

How it sits in the issuer's own range

Robins Financial Credit Union has 11 agreements indexed on this site. The issuer's own range is 12.95%–18%. At 18%, this agreement is dearer than 1 of its siblings.

Where the authority sits

The original filing, 9 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

The pricing here is middling by the standards of the index — 18% on purchases is near enough to typical. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.