CFPB Asd

The Cfpb Asd filing from Skyla Federal Credit Union sets out 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

The document behind this page is Skyla Federal Credit Union's filed agreement for Cfpb Asd. It is issued on the Visa network and the filing runs three pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

One important caveat sits on top of everything else here: the rate table in this filing covers more than one product. Figures shown on this page may belong to a sibling card in the same table rather than to this one, and only the PDF can settle which row applies.

The promotional period

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.

Once the introductory period ends the rate becomes 17.95%, which turns a lingering $1,000 balance into approximately $197 of annual interest.

Pricing the purchase rate

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.

The floor of that band sits at about the 4th percentile of filed purchase rates; the ceiling sits at about the 25th. 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.

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

Translating the rate into money

Put $5,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $983.

Measured against the 21.99% corpus median, the same $5,000 costs approximately $247 less per year here.

Month to month it reads as about $74.30 per cycle on that balance.

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.

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.

Taking cash against the card means a cash advance APR of 15.2%. 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.

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

Spending abroad costs an extra 1% — about $30 on $3,000 of purchases, independent of interest.

Default pricing

If the account defaults, the filing permits a rate of 17.95%. Among disclosing agreements here that ranks near the 9th percentile.

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

The grace period

The filing gives 28 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. The median across this index is 25 days, so this filing is more generous than most.

What you cannot learn from the filing

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.

Against the rest of Skyla Federal Credit Union's filings

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.

The document itself

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

In short

The pricing here is middling by the standards of the index — 17.95% 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.