University Bank VISA Credit Card Agreement and Disclosures December

The University Bank VISA Credit Card Agreement and Disclosures December 2024 filing from University Bank sets out a purchase APR of 10.5%–18.5% and no annual fee. That purchase rate ranks near the 39th percentile across this corpus of 4,587 filings.

On the face of the filing

University Bank submitted the terms for University Bank VISA Credit Card Agreement and Disclosures December 2024 to the CFPB's agreement database; this is what they contain. The filing runs four pages, and It is issued on the Visa network.

The filing is explicit about 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 foreign transaction fee.

The purchase APR against the corpus

Purchases price between 10.5% and 18.5% under this filing. The 8-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Read against the index, the low end ranks around the 12th percentile and the high end around the 39th — the band straddles a wide stretch of the market this corpus describes.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What a balance actually costs

The purchase rate turns a $2,000 revolving balance into roughly $406 of annual interest.

Priced at the median of 21.99%, that balance would generate about $492 in a year — so this agreement comes in around $85 cheaper for the same debt.

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

What the card costs before you borrow

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.

For cash advances the filing discloses a cash advance fee of $0 or 0% of the advance, whichever is greater and a cash advance APR of 10.5%.

Moving a balance onto this card carries an up-front charge of $5 or 4% of the amount transferred, whichever is greater, with the transferred balance priced at 10.5%. On $5,000 that fee is about $200 before any interest is charged.

The grace period

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

The $1 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

The downside terms

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

What is outside the disclosure

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

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

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

In short

18.5% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.