Full credit card agreement 03

On the record for Full credit card agreement 03 2024: a 17.99% purchase APR, no annual fee and a 17.99% penalty rate, filed by Tropical Financial Credit Union. The purchase rate sits at roughly the 28th percentile of the 4,587 agreements indexed here.

The disclosed terms

What follows is drawn entirely from Tropical Financial Credit Union's CFPB filing for Full credit card agreement 03 2024. The filing runs eight pages, and It is issued on the Mastercard network.

Terms captured from the document include a purchase rate, a penalty rate, an annual fee line, a late payment maximum and a foreign transaction fee. A cash advance rate and a balance transfer rate are not stated.

Where the purchase APR sits

17.99% puts the purchase APR near the 28th percentile across 2,280 agreements, so it sits below the middle of the distribution.

Translating the rate into money

The purchase rate turns a $2,000 revolving balance into roughly $394 of annual interest.

A typical filing in this index would charge about $492 on that balance; this one is roughly $98 a year below it.

Month to month it reads as about $29.78 per cycle on that balance.

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

The downside terms

A penalty APR of 17.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 12th percentile.

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

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.

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

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. 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.

The issuer's other agreements

There are 11 filings from Tropical Financial Credit Union in this index. The others all file the same 16.99% purchase rate. Whatever separates these products, it is not the cost of borrowing.

What you cannot learn from the filing

The disclosure parsed here does not state anything about cash advances and balance transfer terms. 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.

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.

The document itself

The original filing, 8 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

17.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.