Visa Bonus Rewards Card Terms and Conditions

Union Bank & Trust's filed agreement for Visa Bonus Rewards Card Terms and Conditions discloses a purchase APR of 12.24%–23.24%, no annual fee and a six-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 55th percentile.

What the document actually states

Union Bank & Trust filed this agreement for Visa Bonus Rewards Card Terms and Conditions with the Consumer Financial Protection Bureau. The filing runs three pages, and It is issued on the Visa network.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate and a grace period.

Zero percent, and then what

A six-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

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

The go-to rate is 23.24%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $262 a year on $1,000.

Put the other way round, the six-month zero rate is worth roughly $131 on a $1,000 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

Where the purchase APR sits

This is a tiered agreement: the filing discloses a purchase APR anywhere from 12.24% to 23.24%, a spread of 11 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Those two numbers occupy very different places in the corpus: roughly the 18th percentile at the bottom and the 55th at the top.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

Translating the rate into money

The purchase rate turns a $4,000 revolving balance into roughly $1,046 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $983 on that balance. This one charges about $63 more per year.

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 $37, which is around the 59th percentile here.

Fees, and what triggers them

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.

Cash advances carry a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 24.24%. Cash is therefore 1 points dearer than buying something with the card. $167 is the crossover point where the percentage overtakes the $5 minimum.

Balance transfers cost $5 or 3% of the amount transferred, whichever is greater up front and then accrue at 12.24%. Transferring $5,000 would cost roughly $150 at the door.

The filing sets a 3% foreign transaction fee, which adds roughly $90 to $3,000 spent outside the United States.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The grace period

Where interest applies at all, the filing bills at least $2. On a tiny balance that floor can dwarf the rate itself.

Against the rest of Union Bank & Trust's filings

This is one of 7 Union Bank & Trust agreements collected here. Their disclosed purchase rates run from 21.24% to 23.24%, and this one at 23.24% is more expensive than 2 of them.

On fees, 3 of the 6 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What you cannot learn from the filing

This page cannot tell you a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Reading the agreement yourself

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 23.24% 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.