Solicitation Notice 2 1 2026 (non fillable)

The Solicitation Notice 2 1 2026 (non fillable) filing from Summit Credit Union sets out a purchase APR of 12.4%–20.9%, no annual fee and a 12-month 0% opening period. That purchase rate ranks near the 44th percentile across this corpus of 4,587 filings.

On the face of the filing

The document behind this page is Summit Credit Union's filed agreement for Solicitation Notice 2 1 2026 (non fillable). 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. No figure appears for 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 interest-free window

The filing discloses a 0% introductory rate running 12 months. For that window, balances covered by the promotion accrue no interest at all.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

Behind the promotion sits a 20.9% purchase rate. On $2,000 that is in the region of $465 a year once the window closes.

The promotional window is therefore worth something on the order of $465 on $2,000, measured against the same balance priced at the standard rate for the same period.

The purchase APR against the corpus

Rather than a single purchase rate, the document gives a band — 12.4% at the bottom, 20.9% at the top, 8.5 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Read against the index, the low end ranks around the 19th percentile and the high end around the 44th — the band straddles a wide stretch of the market this corpus describes.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

What a balance actually costs

Carry $5,000 on this card for a year without paying it down and the purchase rate alone generates roughly $1,162 in interest.

Priced at the median of 21.99%, that balance would generate about $1,229 in a year — so this agreement comes in around $67 cheaper for the same debt.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Default pricing

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

The fee structure

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.

For cash advances the filing discloses a cash advance fee of $3 and a cash advance APR of 12.4%.

The transfer fee is $10 or 3% of the amount transferred, whichever is greater; transferred balances then run at 12.4%. Transferring $7,500 would cost roughly $225 at the door.

Spending abroad costs an extra 1% — about $20 on $2,000 of purchases, independent of interest.

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

The issuer's other agreements

This is one of 44 Summit Credit Union agreements collected here. Pricing across this issuer's filings is uniform at 12.4% — the rate table does not distinguish one of its cards from another.

What you cannot learn from the filing

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

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

The document itself

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 20.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.