Credit Card Application and Agreement

18242 Credit Card Application and Agreement, as filed by All in Federal Credit Union, carries a 18% purchase APR, no annual fee and a 18% introductory rate. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

The disclosed terms

What follows is drawn entirely from All in Federal Credit Union's CFPB filing for 18242 Credit Card Application and Agreement. It is issued on the Mastercard network and the filing runs seven pages.

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

The row carrying the purchase rate is unlabelled in the original document; it is reported here as the most likely purchase figure rather than a certain one.

The introductory rate

The introductory rate is 18%, held for six months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 18% sits at about the 96th percentile.

Behind the promotion sits a 18% purchase rate. On $3,000 that is in the region of $591 a year once the window closes.

The purchase APR against the corpus

Ranked against the corpus, this purchase APR — 18% — sits at approximately the 34th percentile and sits below the middle of the distribution.

The cost of carrying a balance

A $2,500 balance left untouched for twelve months accrues about $493 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $122 cheaper for the same debt.

Per statement cycle that is on the order of $37.25 on $2,500, 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.

Fees, and what triggers them

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

The filing sets a 1.1% foreign transaction fee, which adds roughly $17 to $1,500 spent outside the United States.

The downside terms

On the fee side, a late payment can cost up to $29, which is around the 47th percentile here.

Paying in full

The filing gives 21 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That is shorter than the 25-day corpus median.

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

The issuer's other agreements

There are 5 filings from All in Federal Credit Union in this index.

The limits of this document

Absent from the captured terms: anything about cash advances, balance transfer terms and penalty pricing. 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.

Where the authority sits

The filed PDF is linked from this page and runs seven 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.