Visa Credit Card Agreement 1 26 26 Application and Solicitation

University of Wisconsin Credit Union's filed agreement for Visa Credit Card Agreement 1 26 26 Application and Solicitation discloses a purchase APR of 15.25%–26.6% and no annual fee. That purchase rate ranks near the 64th percentile across this corpus of 4,587 filings.

What this filing discloses

Visa Credit Card Agreement 1 26 26 Application and Solicitation is one of the agreements University of Wisconsin Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs three pages.

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.

The filing bundles multiple products into one disclosure table. Any figure quoted here may describe a related card in the same filing, so the PDF should be read before treating these numbers as this card's own.

The purchase APR against the corpus

This is a tiered agreement: the filing discloses a purchase APR anywhere from 15.25% to 26.6%, a spread of 11.35 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 36th percentile of filed purchase rates; the ceiling sits at about the 64th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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

The arithmetic of revolving

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $762 in interest.

Against the corpus median of 21.99%, that is approximately $147 a year of extra interest on the same $2,500.

Month to month it reads as about $55.24 per cycle on that balance.

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.

Taking cash against the card means a cash advance fee of $2 and a cash advance APR of 12.65%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 12.65% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 1% — about $10 on $1,000 of purchases, independent of interest.

Default pricing

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

What the filing does not tell you

Absent from the captured terms: 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.

Where the authority sits

The filed PDF is linked from this page and runs three pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The pricing here is middling by the standards of the index — 26.6% on purchases is near enough to typical. The absence of an annual fee means the rate is the only thing that can make this card expensive. And because the filing covers several products in one table, even the figures that are right may belong to a different card.