visa platinum plus agreement1

The 032015 visa platinum plus agreement1 1080 filing from Americas First Federal Credit Union sets out a 10.8% purchase APR and no annual fee. That purchase rate ranks near the 6th percentile across this corpus of 4,587 filings.

The disclosed terms

Americas First Federal Credit Union filed this agreement for 032015 visa platinum plus agreement1 1080 with the Consumer Financial Protection Bureau. The filing runs four pages, and It is issued on the Visa network.

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

The purchase rate in context

Measured against every other filing on the site, 10.8% is about the 6th percentile for purchase APR; it falls in the low band of the corpus.

Translating the rate into money

The purchase rate turns a $5,000 revolving balance into roughly $570 of annual interest.

Priced at the median of 21.99%, that balance would generate about $1,229 in a year — so this agreement comes in around $659 cheaper for the same debt.

Per statement cycle that is on the order of $44.57 on $5,000, 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.

When a payment is late

On the fee side, a late payment can cost up to $27, which is around the 45th percentile here.

Where the fees are

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.

Transferred balances are priced at 10.8%; no separate transfer fee was captured from the filing.

The grace period

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

The issuer's other agreements

11 separate Americas First Federal Credit Union filings appear in the corpus. The issuer's own range is 7.8%–14.8%. At 10.8%, this agreement is dearer than 2 of its siblings.

On fees, 4 of the 5 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What you cannot learn from the filing

This page cannot tell you anything about cash advances, a foreign transaction fee 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

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

In short

10.8% places this filing at the inexpensive end of the set, which is the headline here.