Solicitation Notice 12 1 2025 non fillable

Summit Credit Union's filed agreement for Solicitation Notice 12 1 2025 non fillable discloses a 12.4% purchase APR, no annual fee and a 12-month 0% opening period. The purchase rate sits at roughly the 9th percentile of the 4,587 agreements indexed here.

On the face of the filing

Solicitation Notice 12 1 2025 non fillable is one of the agreements Summit Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs three pages.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

This document discloses several products inside a single rate table. That means the numbers below are the ones the table contains, not necessarily the ones attached to this particular card — the filing itself is the only way to tell them apart.

The promotional period

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

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.

What matters more than the promotion is the rate waiting behind it: 12.4%. A $2,500 balance that survives the promotional window costs roughly $330 a year from that point on.

Valued honestly, 12 months at zero on $2,500 avoids about $330 of interest compared with the go-to rate — the whole of what the promotion delivers.

The purchase rate in context

Set beside the rest of the index, the purchase APR of 12.4% lands at the 9th percentile; it falls in the low band of the corpus.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

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

Translating the rate into money

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $158 in interest.

Measured against the 21.99% corpus median, the same $1,200 costs approximately $137 less per year here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $12.29.

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

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.

Cash advances carry a cash advance fee of $3 and a cash advance APR of 12.4%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The transfer fee is $10 or 3% of the amount transferred, whichever is greater; transferred balances then run at 12.4%. Transferring $3,000 would cost roughly $90 at the door.

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

What a missed payment costs

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

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.

Inside Summit Credit Union's filed lineup

44 separate Summit Credit Union filings appear in the corpus. Across that lineup purchase rates span 12.4% to 20.9%; this filing's 12.4% sits above 0 of the comparable ones.

What is outside the disclosure

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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.

Go to the source

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

In short

12.4% places this filing at the inexpensive end of the set, which is the headline here. With no annual fee, the cost of the account is entirely a function of whether a balance is carried. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.