Onyx Mastercard Application 10

The Onyx Mastercard Application 10 2024 filing from Texas Dow Employees Credit Union sets out a purchase APR of 14.49%–17.99%, no annual fee, a 0% opening rate and a 17.99% penalty rate. That purchase rate ranks near the 28th percentile across this corpus of 4,587 filings.

What this filing discloses

Texas Dow Employees Credit Union submitted the terms for Onyx Mastercard Application 10 2024 to the CFPB's agreement database; this is what they contain. The filing runs 15 pages, and It is issued on the Mastercard network.

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

What the promotional rate is worth

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.

Behind the promotion sits a 17.99% purchase rate. On $5,000 that is in the region of $985 a year once the window closes.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 14.49% to 17.99%, a spread of 3.5 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 29th percentile of filed purchase rates; the ceiling sits at about the 28th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

The arithmetic of revolving

At the disclosed purchase APR, $1,200 revolving for a full year costs something like $236 in interest.

Priced at the median of 21.99%, that balance would generate about $295 in a year — so this agreement comes in around $59 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.

When a payment is late

If the account defaults, the filing permits a rate of 17.99%. Among disclosing agreements here that ranks near the 12th percentile.

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

Charges beyond interest

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 14.49%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Inside Texas Dow Employees Credit Union's filed lineup

This is one of 14 Texas Dow Employees Credit Union agreements collected here. Pricing across this issuer's filings is uniform at 17.99% — the rate table does not distinguish one of its cards from another.

What the filing does not tell you

The disclosure parsed here does not state balance transfer terms, a foreign transaction fee and a grace period. 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.

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.

Go to the source

This summary stands or falls on the linked PDF — 15 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 — 17.99% on purchases is near enough to typical.