Power Credit Card Online June

The Power Credit Card Online June 2022 filing from Security Service Federal Credit Union sets out a purchase APR of 8.99%–18%. That purchase rate ranks near the 34th percentile across this corpus of 4,587 filings.

What the document actually states

What follows is drawn entirely from Security Service Federal Credit Union's CFPB filing for Power Credit Card Online June 2022. It is issued on the Mastercard network and the filing runs six pages.

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

The purchase APR against the corpus

The purchase APR is quoted as a range of 8.99% to 18%. That 9.01-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 7th 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.

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.

What a balance actually costs

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $493 in interest.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $122 cheaper for the same debt.

Month to month it reads as about $37.25 per cycle on that balance.

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.

What the card costs before you borrow

For cash advances the filing discloses a cash advance APR of 8.99%.

Transferred balances are priced at 8.9%; no separate transfer fee was captured from the filing.

The filing sets a 1.1% foreign transaction fee, which adds roughly $55 to $5,000 spent outside the United States.

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

Inside Security Service Federal Credit Union's filed lineup

Security Service Federal Credit Union has 6 agreements indexed on this site. Their disclosed purchase rates run from 16.75% to 18%, and this one at 18% is more expensive than 1 of them.

What you cannot learn from the filing

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

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 original filing, 6 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

At 18% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.