F010A Business VISA Agreement 6 17 2022 DRAFT

F010A Business VISA Agreement 6 17 2022 DRAFT, as filed by Bay Federal Credit Union, carries a 11.74% purchase APR and no annual fee. That purchase rate ranks near the 7th percentile across this corpus of 4,587 filings.

What the document actually states

F010A Business VISA Agreement 6 17 2022 DRAFT is one of the agreements Bay Federal Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs eight pages.

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

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

Pricing the purchase rate

The purchase APR of 11.74% places this agreement around the 7th percentile of the set — it sits well down in the cheaper fifth of the set.

What the rate means in dollars

A $1,000 balance left untouched for twelve months accrues about $125 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $246 in a year — so this agreement comes in around $121 cheaper for the same debt.

Month to month it reads as about $9.69 per cycle on that balance.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Charges beyond interest

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.

When a payment is late

The maximum late fee is $39 — roughly the 63rd percentile of the late fee ceilings disclosed across this index.

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.

Inside Bay Federal Credit Union's filed lineup

This is one of 9 Bay 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, 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.

Reading the agreement yourself

This summary stands or falls on the linked PDF — eight pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

11.74% places this filing at the inexpensive end of the set, which is the headline here. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing. All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.