2023 06 01 VISA Account Disclosure

On the record for 2023 06 01 VISA Account Disclosure: a 0% purchase APR, no annual fee and a six-month 0% opening period, filed by Cyprus Federal Credit Union. Against the 4,587 filings on this site, that rate lands around the 1st percentile.

On the face of the filing

Cyprus Federal Credit Union submitted the terms for 2023 06 01 VISA Account Disclosure to the CFPB's agreement database; this is what they contain. The filing runs one page, and It is issued on the Visa network.

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

Note that the purchase APR row in this table carries no explicit label in the filing, which introduces some ambiguity about what it covers.

The interest-free window

The filing discloses a 0% introductory rate running six months. For that window, balances covered by the promotion accrue no interest at all.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

The go-to rate is 0%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $0 a year on $2,500.

The purchase rate in context

The purchase APR of 0% places this agreement around the 1st percentile of the set — it is lower than almost every other agreement here.

What a balance actually costs

At the disclosed purchase APR, $1,500 revolving for a full year costs something like $0 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,500 would cost about $369 a year. This filing saves roughly $369 annually against that benchmark.

Per statement cycle that is on the order of $0 on $1,500, 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.

Where the fees are

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

Inside Cyprus Federal Credit Union's filed lineup

This is one of 4 Cyprus Federal Credit Union agreements collected here.

The limits of this document

The disclosure parsed here does not state balance transfer terms, a foreign transaction fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

Where the authority sits

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

In short

0% places this filing at the inexpensive end of the set, which is the headline here.