Student Visa Application and Solicitation Disclosure

The Student Visa Application and Solicitation Disclosure filing from Dade County Federal Credit Union sets out a purchase APR of 10.65%–17.9%. Against the 4,587 filings on this site, that rate lands around the 24th percentile.

The disclosed terms

Dade County Federal Credit Union submitted the terms for Student Visa Application and Solicitation 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.

The filing is explicit about a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 10.65% to 17.9%, a spread of 7.25 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 13th percentile of filed purchase rates; the ceiling sits at about the 24th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What a balance actually costs

A $2,000 balance left untouched for twelve months accrues about $392 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $492 in a year — so this agreement comes in around $100 cheaper for the same debt.

Per statement cycle that is on the order of $29.63 on $2,000, which is the number that actually shows up on a bill.

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.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

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

Penalty pricing and late fees

On the fee side, a late payment can cost up to $35, which is around the 54th percentile here.

The fee structure

The filing sets a 1.5% foreign transaction fee, which adds roughly $15 to $1,000 spent outside the United States.

Against the rest of Dade County Federal Credit Union's filings

4 separate Dade County Federal Credit Union filings appear in the corpus.

What the filing does not tell you

This page cannot tell you anything about cash advances, balance transfer terms, an annual fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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

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

At 17.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.