Visa Pricing Addendum

Southern Credit Union, the's filed agreement for Visa Pricing Addendum discloses a 8.9% purchase APR and a $25 annual fee. The purchase rate sits at roughly the 3rd percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

The document behind this page is Southern Credit Union, the's filed agreement for Visa Pricing Addendum. It is issued on the Visa network and the filing runs one page.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

The purchase rate in context

Ranked against the corpus, this purchase APR — 8.9% — sits at approximately the 3rd percentile and is lower than almost every other agreement here.

What the rate means in dollars

Put $2,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $233.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $382 cheaper for the same debt.

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

$25 a year is the disclosed annual fee, which ranks near the 78th percentile of the fees filed across this corpus.

The filing states the fee is waived for the first year, so the $25 is a second-year cost rather than an immediate one.

For cash advances the filing discloses a cash advance fee of $5.

The foreign transaction fee is zero — a minority position in this corpus, where roughly 22% of disclosing filings waive it.

Penalty pricing and late fees

$40 is the disclosed ceiling on a late payment fee, placing it near the 72nd percentile of the set.

Grace period and minimum charge

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 filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

What the filing does not tell you

The disclosure parsed here does not state penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

Go to the source

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

In short

8.9% places this filing at the inexpensive end of the set, which is the headline here. Note that the $25 annual fee falls due whether the card is used or not.