Arrowhead Visa Credit Card and Visa Classic Secured Credit Card Pricing Addendum 2022 10

Arrowhead Federal Credit Union's filed agreement for Arrowhead Visa Credit Card and Visa Classic Secured Credit Card Pricing Addendum 2022 10 01 discloses a purchase APR of 12.99%–27.99%, no annual fee and a 19.99% penalty rate. The purchase rate sits at roughly the 67th percentile of the 4,587 agreements indexed here.

What the document actually states

The document behind this page is Arrowhead Federal Credit Union's filed agreement for Arrowhead Visa Credit Card and Visa Classic Secured Credit Card Pricing Addendum 2022 10 01. The filing runs one page, and It is issued on the Visa network.

Terms captured from the document include a purchase rate, a balance transfer rate, a penalty rate, an annual fee line and a late payment maximum. It is silent on a cash advance rate.

A secured agreement

This is a secured agreement — the credit line is collateralised by a deposit. The disclosure table captured on this page covers pricing only; the mechanics of the deposit live in the body of the document.

Securing the line has not placed this agreement at the bottom of the market — 27.99% ranks near the 67th percentile across every filing indexed here.

Where the purchase APR sits

This is a tiered agreement: the filing discloses a purchase APR anywhere from 12.99% to 27.99%, a spread of 15 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Those two numbers occupy very different places in the corpus: roughly the 23rd percentile at the bottom and the 67th at the top.

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.

What a balance actually costs

A $1,500 balance left untouched for twelve months accrues about $484 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $115 a year of extra interest on the same $1,500.

Per statement cycle that is on the order of $34.89 on $1,500, 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.

What the card costs before you borrow

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.

Taking cash against the card means a cash advance fee of 1%.

The filing discloses a 20.99% balance transfer rate without an accompanying fee figure.

The filing sets a 0.8% foreign transaction fee, which adds roughly $24 to $3,000 spent outside the United States.

Default pricing

If the account defaults, the filing permits a rate of 19.99%. Among disclosing agreements here that ranks near the 26th percentile.

Late payments are capped at $15 under this filing, about the 11th percentile of late fee maximums in the corpus.

The grace period

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That is shorter than the 25-day corpus median.

What the filing does not tell you

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.

How it sits in the issuer's own range

Arrowhead Federal Credit Union has 5 agreements indexed on this site. The others all file the same 28.74% purchase rate. Whatever separates these products, it is not the cost of borrowing.

The document itself

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

In short

The pricing here is middling by the standards of the index — 27.99% on purchases is near enough to typical. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.