Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Purchase APR | 16.9% |
|---|---|
| Cash advance APR | 16.9% |
| Late payment fee | up to $25 |
| Foreign transaction fee | 1% |
| Grace period | 25 days |
| Network | Visa |
Analysis
The Visa Classic filing from Trugrocer Federal Credit Union sets out a 16.9% purchase APR. That purchase rate ranks near the 20th percentile across this corpus of 4,587 filings.
On the face of the filing
What follows is drawn entirely from Trugrocer Federal Credit Union's CFPB filing for Visa Classic. It is issued on the Visa network and the filing runs one page.
The filing is explicit about a purchase rate, a cash advance rate, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a balance transfer rate, a penalty rate and an annual fee line.
How the purchase rate compares
Measured against every other filing on the site, 16.9% is about the 20th percentile for purchase APR; it falls in the low band of the corpus.
Translating the rate into money
A $2,000 balance left untouched for twelve months accrues about $368 in interest at this purchase rate.
A typical filing in this index would charge about $492 on that balance; this one is roughly $124 a year below it.
Broken down to a single thirty-day cycle, the same balance accrues roughly $27.97.
These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.
Where the fees are
Taking cash against the card means a cash advance APR of 16.9%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.
Spending abroad costs an extra 1% — about $10 on $1,000 of purchases, independent of interest.
The downside terms
On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.
Paying in full
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.
The issuer's other agreements
There are 3 filings from Trugrocer Federal Credit Union in this index.
What you cannot learn from the filing
Absent from the captured terms: balance transfer terms, an annual fee and penalty pricing. The original document is the place to look for any of these.
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.
Reading the agreement yourself
This summary stands or falls on the linked PDF — one page. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.
In short
The purchase rate of 16.9% is one of the cheaper figures in this index — the central point in the agreement's favour.
The source document
This page is a reading of one document: the cardholder agreement Trugrocer Federal Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Trugrocer Federal Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Trugrocer Federal Credit Union
-
Credit Card
Agreement filed with the CFPB
- Purchase APR
- 16.9%
- Foreign tx fee
- 1%
Where this card sits
Groups this agreement qualifies for, by its own disclosed terms:
Comparable cards from other issuers
Closest disclosed purchase APR among cards in the same groups.