Credit Card Account Opening Disclosure 9

Robins Financial Credit Union's filed agreement for Credit Card Account Opening Disclosure 9 25 discloses a 12.95% purchase APR and a 18% penalty rate. Against the 4,587 filings on this site, that rate lands around the 10th percentile.

What the document actually states

Credit Card Account Opening Disclosure 9 25 is one of the agreements Robins Financial Credit Union has on file with the CFPB. The filing runs two pages, and It is issued on the Visa network.

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

The purchase rate in context

Set beside the rest of the index, the purchase APR of 12.95% lands at the 10th percentile; it sits well down in the cheaper fifth of the set.

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 arithmetic of revolving

The purchase rate turns a $2,500 revolving balance into roughly $346 of annual interest.

Measured against the 21.99% corpus median, the same $2,500 costs approximately $269 less per year here.

Per statement cycle that is on the order of $26.75 on $2,500, 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.

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 14.95%. Cash is therefore 2 points dearer than buying something with the card. The two halves of that fee cross at about $500: below it the flat $5 applies, above it the percentage does.

The filing discloses a 12.95% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 1% — about $50 on $5,000 of purchases, independent of interest.

Penalty pricing and late fees

If the account defaults, the filing permits a rate of 18%. Among disclosing agreements here that ranks near the 19th percentile.

A default therefore reprices the debt by 5.05 points: about $59 a year more on $1,000, for as long as the penalty rate stands.

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

Paying in full

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

How it sits in the issuer's own range

This is one of 11 Robins Financial Credit Union agreements collected here. Every one of the others that discloses a purchase rate discloses the same 18%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

The limits of this document

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

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

The document itself

The filed PDF is linked from this page and runs two pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The purchase rate of 12.95% is one of the cheaper figures in this index — the central point in the agreement's favour.