Visa Bonus Rewards Plus Card Terms and Conditions

On the record for Visa Bonus Rewards Plus Card Terms and Conditions: a purchase APR of 12.24%–23.24%, a $50 annual fee and a six-month 0% opening period, filed by Union Bank & Trust. Against the 4,587 filings on this site, that rate lands around the 55th percentile.

What the agreement puts on the record

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

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

The interest-free window

This agreement opens at 0% for six months, the only period in the document where carrying a balance is free.

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.

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.

How the purchase rate compares

Purchases price between 12.24% and 23.24% under this filing. The 11-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 18th percentile at the bottom and the 55th at the top.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

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

What the rate means in dollars

A $1,200 balance left untouched for twelve months accrues about $314 in interest at this purchase rate.

A card priced at the corpus median of 21.99% would charge roughly $295 on that balance. This one charges about $19 more per year.

Broken down to a single thirty-day cycle, the same balance accrues roughly $23.13.

Small balances do not get a proportionally small bill — the agreement imposes a $2 minimum interest charge in any month where interest applies.

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.

The fee structure

$50 a year is the disclosed annual fee, which ranks near the 88th percentile of the fees filed across this corpus.

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%. The premium over purchases is 1 percentage points. Advances under roughly $167 are charged the flat $5; larger ones are charged 3%.

Moving a balance onto this card carries an up-front charge of $5 or 3% of the amount transferred, whichever is greater, with the transferred balance priced at 12.24%. Shifting $5,000 across attracts something like $150 in fees on day one.

The filing sets a 3% foreign transaction fee, which adds roughly $150 to $5,000 spent outside the United States.

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

The no-interest path

The $2 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Default pricing

The maximum late fee is $37 — roughly the 59th percentile of the late fee ceilings disclosed across this index.

Against the rest of Union Bank & Trust's filings

There are 7 filings from Union Bank & Trust in this index. The issuer's own range is 21.24%–23.24%. At 23.24%, this agreement is dearer than 2 of its siblings.

Its $50 annual fee is higher than 5 of the 6 sibling filings that state one.

The limits of this document

Absent from the captured terms: a grace period and penalty pricing. The original document is the place to look for any of these.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Go to the source

The original filing, 3 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

The pricing here is middling by the standards of the index — 23.24% on purchases is near enough to typical. Note that the $50 annual fee falls due whether the card is used or not.