Application and Soliciation Disclosure

Application and Soliciation Disclosure, as filed by 1st United Credit Union, carries a purchase APR of 12.9%–20.4% and a 16.4% penalty rate. The purchase rate sits at roughly the 43rd percentile of the 4,587 agreements indexed here.

What the document actually states

1st United Credit Union submitted the terms for Application and Soliciation Disclosure to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs two pages.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and a late payment maximum. No figure appears for an annual fee line.

One important caveat sits on top of everything else here: the rate table in this filing covers more than one product. Figures shown on this page may belong to a sibling card in the same table rather than to this one, and only the PDF can settle which row applies.

The purchase APR against the corpus

This is a tiered agreement: the filing discloses a purchase APR anywhere from 12.9% to 20.4%, a spread of 7.5 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 22nd percentile of filed purchase rates; the ceiling sits at about the 43rd. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The cost of carrying a balance

Carry $2,000 on this card for a year without paying it down and the purchase rate alone generates roughly $452 in interest.

A typical filing in this index would charge about $492 on that balance; this one is roughly $39 a year below it.

Per statement cycle that is on the order of $33.81 on $2,000, which is the number that actually shows up on a bill.

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

Charges beyond interest

Cash advances carry a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 10.4%.

Transferred balances are priced at 10.4%; no separate transfer fee was captured from the filing.

Spending abroad costs an extra 2% — about $40 on $2,000 of purchases, independent of interest.

The downside terms

If the account defaults, the filing permits a rate of 16.4%. Among disclosing agreements here that ranks near the 6th percentile.

The maximum late fee is $10 — roughly the 6th percentile of the late fee ceilings disclosed across this index.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

The issuer's other agreements

1st United Credit Union has 37 agreements indexed on this site. The issuer's own range is 9.4%–20.4%. At 20.4%, this agreement is dearer than 5 of its siblings.

What is outside the disclosure

Absent from the captured terms: an annual fee. 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

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

20.4% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.