AFCU Cash Rewards Disclosure 8

On the record for AFCU Cash Rewards Disclosure 8 2023: no annual fee, filed by Affinity Federal Credit Union.

On the face of the filing

AFCU Cash Rewards Disclosure 8 2023 is one of the agreements Affinity Federal Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs one page.

The filing is explicit about a cash advance rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. A purchase rate, a balance transfer rate and a penalty rate are not stated.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

The fee structure

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.

Cash advances carry a cash advance APR of 18%.

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.

What a missed payment costs

The maximum late fee is $27 — roughly the 45th percentile of the late fee ceilings disclosed across this index.

Grace period and minimum charge

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

Inside Affinity Federal Credit Union's filed lineup

Affinity Federal Credit Union has 7 agreements indexed on this site.

What is outside the disclosure

The disclosure parsed here does not state a purchase rate, balance transfer terms 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.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Reading the agreement yourself

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

In short

All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.