Locked VT Platinum CC Agreement and Account Opening Disclosure

Locked VT Platinum CC Agreement and Account Opening Disclosure 6 18 2018, as filed by Vsecu, a Division of New England Federal Credit Union, carries a 18% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

The disclosed terms

The document behind this page is Vsecu, a Division of New England Federal Credit Union's filed agreement for Locked VT Platinum CC Agreement and Account Opening Disclosure 6 18 2018. The filing runs seven pages, and It is issued on the Visa network.

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

The row carrying the purchase rate is unlabelled in the original document; it is reported here as the most likely purchase figure rather than a certain one.

The purchase APR against the corpus

Ranked against the corpus, this purchase APR — 18% — sits at approximately the 34th percentile and comes in under the midpoint of the corpus.

Translating the rate into money

Put $2,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $394.

The corpus median purchase rate is 21.99%, which on the same $2,000 would cost about $492 a year. This filing saves roughly $97 annually against that benchmark.

Broken down to a single thirty-day cycle, the same balance accrues roughly $29.80.

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.

Where the fees are

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.

The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.

Default pricing

On the fee side, a late payment can cost up to $20, which is around the 17th percentile here.

The grace period

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

What you cannot learn from the filing

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.

The issuer's other agreements

3 separate Vsecu, a Division of New England Federal Credit Union filings appear in the corpus.

The document itself

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

In short

The pricing here is middling by the standards of the index — 18% on purchases is near enough to typical. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.