Visa Platinum Rewards SAFE FCU

On the record for Visa Platinum Rewards SAFE FCU: a purchase APR of 12.49%–18%, no annual fee, a 12-month 0% opening period and a 18% penalty rate, filed by SAFE Federal Credit Union. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

The disclosed terms

The document behind this page is SAFE Federal Credit Union's filed agreement for Visa Platinum Rewards SAFE FCU. It is issued on the Visa network and the filing runs 12 pages.

Terms captured from the document include a purchase rate, a cash advance rate, a penalty rate, an annual fee line and a late payment maximum. No figure appears for a balance transfer rate.

The interest-free window

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

The go-to rate is 18%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $394 a year on $2,000.

Put the other way round, the 12-month zero rate is worth roughly $394 on a $2,000 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

Pricing the purchase rate

Rather than a single purchase rate, the document gives a band — 12.49% at the bottom, 18% at the top, 5.51 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 20th percentile of filed purchase rates; the ceiling sits at about the 34th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

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.

What the rate means in dollars

A $3,000 balance left untouched for twelve months accrues about $591 in interest at this purchase rate.

Measured against the 21.99% corpus median, the same $3,000 costs approximately $146 less per year here.

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.

Penalty pricing and late fees

A penalty APR of 18% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 19th percentile.

$38 is the disclosed ceiling on a late payment fee, placing it near the 60th percentile of the set.

The fee structure

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Cash advances carry a cash advance APR of 12.49%. 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.

Spending abroad costs an extra 1% — about $15 on $1,500 of purchases, independent of interest.

The no-interest path

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The issuer's other agreements

This is one of 4 SAFE Federal Credit Union agreements collected here. Pricing across this issuer's filings is uniform at 18% — the rate table does not distinguish one of its cards from another.

What you cannot learn from the filing

This page cannot tell you balance transfer terms, because the filing's disclosure table as read does not contain it.

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.

Reading the agreement yourself

The filed PDF is linked from this page and runs 12 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.