Premier Select Rewards

On the record for Premier Select Rewards: a purchase APR of 16.4%–18% and no annual fee, filed by Affinity Plus Federal Credit Union. That purchase rate ranks near the 34th percentile across this corpus of 4,587 filings.

On the face of the filing

Affinity Plus Federal Credit Union filed this agreement for Premier Select Rewards with the Consumer Financial Protection Bureau. The filing runs two pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Pricing the purchase rate

Rather than a single purchase rate, the document gives a band — 16.4% at the bottom, 18% at the top, 1.6 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Those two numbers occupy very different places in the corpus: roughly the 40th percentile at the bottom and the 34th at the top.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What the rate means in dollars

The purchase rate turns a $5,000 revolving balance into roughly $986 of annual interest.

A typical filing in this index would charge about $1,229 on that balance; this one is roughly $244 a year below it.

Per statement cycle that is on the order of $74.50 on $5,000, which is the number that actually shows up on a bill.

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.

Charges beyond interest

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.

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

$15 is the disclosed ceiling on a late payment fee, placing it near the 11th percentile of the set.

Paying in full

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.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

Inside Affinity Plus Federal Credit Union's filed lineup

This is one of 3 Affinity Plus Federal Credit Union agreements collected here.

What the filing does not tell you

This page cannot tell you anything about cash advances, balance transfer terms and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

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

In short

At 18% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.