Cinfed Disclosure Mar22

The Cinfed Disclosure Mar22 filing from Cinfed Federal Credit Union sets out a $25 annual fee and a 18% penalty rate.

On the face of the filing

Cinfed Federal Credit Union submitted the terms for Cinfed Disclosure Mar22 to the CFPB's agreement database; this is what they contain. The filing runs two pages, and It is issued on the Mastercard network.

Terms captured from the document include a penalty rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a purchase rate, a cash advance rate and a balance transfer rate.

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

Charges beyond interest

$25 a year is the disclosed annual fee, which ranks near the 78th percentile of the fees filed across this corpus.

For cash advances the filing discloses a cash advance fee of 1%.

The filing sets a 1% foreign transaction fee, which adds roughly $30 to $3,000 spent outside the United States.

When a payment is late

The agreement discloses penalty pricing of 18% — about the 19th percentile of the 794 penalty rates recorded across this index.

$33 is the disclosed ceiling on a late payment fee, placing it near the 50th percentile of the set.

The grace period

The $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

What the filing does not tell you

This page cannot tell you a purchase rate, balance transfer terms and a grace period, 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

The original filing, 2 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

Against that sits the $25 annual fee, which is unavoidable once the account is open. Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.