Visa Cash Rewards ENU (VI) 12

On the record for Visa Cash Rewards ENU (VI) 12 2025: a 16.74% purchase APR, no annual fee and a 1.99% introductory rate, filed by Banco Popular De Puerto Rico. That purchase rate ranks near the 19th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

This page covers the agreement Banco Popular De Puerto Rico filed for Visa Cash Rewards ENU (VI) 12 2025. It is issued on the Visa network and the filing runs ten pages.

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

Introductory pricing

For the first six months the filing sets a reduced rate of 1.99%. Balances still cost something during that window.

Among the 763 filings here that disclose an introductory rate, 1.99% sits at about the 66th percentile.

The go-to rate is 16.74%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $547 a year on $3,000.

Pricing the purchase rate

At 16.74%, the purchase APR falls at roughly the 19th percentile of the 2,280 filings indexed here, which sits well down in the cheaper fifth of the set.

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.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

Translating the rate into money

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $182 in interest.

Measured against the 21.99% corpus median, the same $1,000 costs approximately $64 less per year here.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

The no-interest path

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. The typical filing here allows 25 days, so this one is tighter than most.

The downside terms

On the fee side, a late payment can cost up to $40, which is around the 72nd 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.

Taking cash against the card means a cash advance APR of 27.74%. That is 11 points above the purchase rate.

A balance transfer costs $2 or 2% of the amount transferred, whichever is greater up front. The filing does not separately state the rate applied to transferred balances. Shifting $5,000 across attracts something like $100 in fees on day one.

The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.

The issuer's other agreements

26 separate Banco Popular De Puerto Rico filings appear in the corpus. The others all file the same 16.74% purchase rate. Whatever separates these products, it is not the cost of borrowing.

5 of the issuer's other 12 disclosing filings are likewise fee-free.

The limits of this document

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Go to the source

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

In short

The purchase rate of 16.74% is one of the cheaper figures in this index — the central point in the agreement's favour. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.