Application and Solicitation Disclosure

121 Financial Credit Union's filed agreement for Application and Solicitation Disclosure 3 21 22 discloses a purchase APR of 9.24%–16%. That purchase rate ranks near the 17th percentile across this corpus of 4,587 filings.

What this filing discloses

What follows is drawn entirely from 121 Financial Credit Union's CFPB filing for Application and Solicitation Disclosure 3 21 22. The filing runs two 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, a late payment maximum and a foreign transaction fee. A penalty rate and an annual fee line are not stated.

This document discloses several products inside a single rate table. That means the numbers below are the ones the table contains, not necessarily the ones attached to this particular card — the filing itself is the only way to tell them apart.

The purchase rate in context

Purchases price between 9.24% and 16% under this filing. The 6.76-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 8th percentile and the high end around the 17th — the band straddles a wide stretch of the market this corpus describes.

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

Translating the rate into money

The purchase rate turns a $2,500 revolving balance into roughly $434 of annual interest.

A typical filing in this index would charge about $615 on that balance; this one is roughly $181 a year below it.

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.

The no-interest path

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

Default pricing

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

Where the fees are

Taking cash against the card means a cash advance fee of $5 or 2% of the advance, whichever is greater and a cash advance APR of 18%. The premium over purchases is 2 percentage points.

Transferred balances are priced at 9.24%; no separate transfer fee was captured from the filing.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

Inside 121 Financial Credit Union's filed lineup

This is one of 7 121 Financial Credit Union agreements collected here.

What the filing does not tell you

The disclosure parsed here does not state an annual fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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 document itself

The original filing, 2 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

16% places this filing at the inexpensive end of the set, which is the headline here. And because the filing covers several products in one table, even the figures that are right may belong to a different card.