CFPB Asd

Skyla Federal Credit Union's filed agreement for Cfpb Asd discloses a purchase APR of 7.9%–17.95%, no annual fee, a 0% opening rate and a 17.95% penalty rate. The purchase rate sits at roughly the 25th percentile of the 4,587 agreements indexed here.

What this filing discloses

Skyla Federal Credit Union submitted the terms for Cfpb Asd to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs three pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and 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.

What the promotional rate is worth

The filing discloses a 0% introductory rate, though it does not state how long the promotional period runs.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

The go-to rate is 17.95%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $491 a year on $2,500.

Where the purchase APR sits

Purchases price between 7.9% and 17.95% under this filing. The 10.05-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 4th percentile and the high end around the 25th — 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.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

What a balance actually costs

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $197 in interest.

Measured against the 21.99% corpus median, the same $1,000 costs approximately $49 less per year here.

Per statement cycle that is on the order of $14.86 on $1,000, 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.

Fees, and what triggers them

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

For cash advances the filing discloses a cash advance APR of 15.2%.

The filing discloses a 7.9% balance transfer rate without an accompanying fee figure.

The filing sets a 1% foreign transaction fee, which adds roughly $30 to $3,000 spent outside the United States.

Grace period and minimum charge

Purchases carry a 28-day grace period: pay the statement in full inside it and the purchase rate never applies. Against a corpus median of 25 days, this is a wider window than usual.

What a missed payment costs

The agreement discloses penalty pricing of 17.95% — about the 9th percentile of the 794 penalty rates recorded across this index.

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

How it sits in the issuer's own range

This is one of 9 Skyla Federal Credit Union agreements collected here. Pricing across this issuer's filings is uniform at 17.95% — the rate table does not distinguish one of its cards from another.

What is outside the disclosure

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Go to the source

Everything here is a reading of the filed agreement, three pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 17.95% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. And because the filing covers several products in one table, even the figures that are right may belong to a different card.