MasterCard Disclosures and Agreement

Tropical Financial Credit Union's filed agreement for MasterCard Disclosures and Agreement discloses a purchase APR of 8.99%–16.99%, no annual fee and a 17.99% penalty rate. The purchase rate sits at roughly the 21st percentile of the 4,587 agreements indexed here.

What the document actually states

What follows is drawn entirely from Tropical Financial Credit Union's CFPB filing for MasterCard Disclosures and Agreement. It is issued on the Mastercard network and the filing runs eight pages.

The filing is explicit about 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.

How the purchase rate compares

Purchases price between 8.99% and 16.99% under this filing. The 8-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Those two numbers occupy very different places in the corpus: roughly the 7th percentile at the bottom and the 21st at the top.

The arithmetic of revolving

The purchase rate turns a $2,000 revolving balance into roughly $370 of annual interest.

A typical filing in this index would charge about $492 on that balance; this one is roughly $121 a year below it.

Broken down to a single thirty-day cycle, the same balance accrues roughly $28.12.

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

What a missed payment costs

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.

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

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.

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

Grace period and minimum charge

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.

How it sits in the issuer's own range

Tropical Financial Credit Union has 11 agreements indexed on this site. Across that lineup purchase rates span 16.99% to 17.99%; this filing's 16.99% sits above 0 of the comparable ones.

The limits of this document

This page cannot tell you anything about cash advances and balance transfer terms, because the filing's disclosure table as read does not contain them.

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

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

In short

At 16.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.