App Sol Disc

The App Sol Disc 07052022 filing from University of Kentucky Federal Credit Union sets out a purchase APR of 8.74%–17.74%. That purchase rate ranks near the 23rd percentile across this corpus of 4,587 filings.

On the face of the filing

What follows is drawn entirely from University of Kentucky Federal Credit Union's CFPB filing for App Sol Disc 07052022. The filing runs two pages, and It is issued on the Visa network.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a foreign transaction fee. A penalty rate and an annual fee line are not stated.

The purchase APR against the corpus

The purchase APR is quoted as a range of 8.74% to 17.74%. That 9-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Those two numbers occupy very different places in the corpus: roughly the 5th percentile at the bottom and the 23rd at the top.

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.

Translating the rate into money

The purchase rate turns a $2,500 revolving balance into roughly $485 of annual interest.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $130 cheaper for the same debt.

Month to month it reads as about $36.71 per cycle on that balance.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

What the card costs before you borrow

Cash advances carry a cash advance APR of 17.74%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 8.74% balance transfer rate without an accompanying fee figure.

Foreign transactions attract 1%. On $5,000 of overseas spending that is $50, charged on top of whatever exchange rate applies.

The grace period

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

Penalty pricing and late fees

$29 is the disclosed ceiling on a late payment fee, placing it near the 47th percentile of the set.

Against the rest of University of Kentucky Federal Credit Union's filings

20 separate University of Kentucky Federal Credit Union filings appear in the corpus. Across that lineup purchase rates span 11.49% to 18%; this filing's 17.74% sits above 4 of the comparable ones.

What is outside the disclosure

Absent from the captured terms: an annual fee and penalty pricing. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Go to the source

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

In short

17.74% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.