Platinum Rewards Visa Terms and Conditions

Skyone Federal Credit Union's filed agreement for Platinum Rewards Visa Terms and Conditions discloses a purchase APR of 11.75%–18% and no annual fee. That purchase rate ranks near the 34th percentile across this corpus of 4,587 filings.

On the face of the filing

What follows is drawn entirely from Skyone Federal Credit Union's CFPB filing for Platinum Rewards Visa Terms and Conditions. It is issued on the Visa network and the filing runs two pages.

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

How the purchase rate compares

The purchase APR is quoted as a range of 11.75% to 18%. That 6.25-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 17th 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 arithmetic of revolving

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $237 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,200 would cost about $295 a year. This filing saves roughly $58 annually against that benchmark.

Per statement cycle that is on the order of $17.88 on $1,200, 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

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Foreign transactions attract 1%. On $1,000 of overseas spending that is $10, charged on top of whatever exchange rate applies.

Paying in full

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.

Default pricing

Late payments are capped at $30 under this filing, about the 49th percentile of late fee maximums in the corpus.

The issuer's other agreements

Skyone Federal Credit Union has 4 agreements indexed on this site. The issuer's own range is 10.75%–18%. At 18%, this agreement is dearer than 1 of its siblings.

What the filing does not tell you

Absent from the captured terms: anything about cash advances, balance transfer terms and penalty pricing. The original document is the place to look for any of these.

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.

The document itself

This summary stands or falls on the linked PDF — two pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 18% on purchases is near enough to typical. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.