APGFCU Visa Platinum Preferred Credit Card

On the record for APGFCU Visa Platinum Preferred Credit Card: a purchase APR of 12.49%–17.99%, no annual fee, a 15-month 0% opening period and a 18% penalty rate, filed by Aberdeen Proving Ground Federal Credit Union. Against the 4,587 filings on this site, that rate lands around the 28th percentile.

What the document actually states

The document behind this page is Aberdeen Proving Ground Federal Credit Union's filed agreement for APGFCU Visa Platinum Preferred Credit Card. It is issued on the Visa network and the filing runs 11 pages.

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

Zero percent, and then what

The filing discloses a 0% introductory rate running 15 months. For that window, balances covered by the promotion accrue no interest at all.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

What matters more than the promotion is the rate waiting behind it: 17.99%. A $5,000 balance that survives the promotional window costs roughly $985 a year from that point on.

The promotional window is therefore worth something on the order of $1,232 on $5,000, measured against the same balance priced at the standard rate for the same period.

Pricing the purchase rate

The purchase APR is quoted as a range of 12.49% to 17.99%. That 5.5-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Read against the index, the low end ranks around the 20th percentile and the high end around the 28th — the band straddles a wide stretch of the market this corpus describes.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

What the rate means in dollars

Put $1,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $197.

A typical filing in this index would charge about $246 on that balance; this one is roughly $49 a year below it.

Broken down to a single thirty-day cycle, the same balance accrues roughly $14.89.

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 downside terms

If the account defaults, the filing permits a rate of 18%. Among disclosing agreements here that ranks near the 19th percentile.

$20 is the disclosed ceiling on a late payment fee, placing it near the 17th percentile of the set.

Charges beyond interest

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.

For cash advances the filing discloses a cash advance fee of $2 or 1% of the advance, whichever is greater.

The filing sets a 3% foreign transaction fee, which adds roughly $90 to $3,000 spent outside the United States.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The issuer's other agreements

Aberdeen Proving Ground Federal Credit Union has 4 agreements indexed on this site. Across that lineup purchase rates span 6.75% to 17.99%; this filing's 17.99% sits above 1 of the comparable ones.

What is outside the disclosure

Absent from the captured terms: balance transfer terms and a grace period. 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 document itself

Everything here is a reading of the filed agreement, 11 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

17.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.