dupage canvas truth in lending disclosure

Dupage Credit Union's filed agreement for dupage canvas truth in lending disclosure discloses a purchase APR of 16.5%–24.5% and no annual fee. The purchase rate sits at roughly the 59th percentile of the 4,587 agreements indexed here.

On the face of the filing

dupage canvas truth in lending disclosure is one of the agreements Dupage Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs five pages.

The disclosure covers a purchase rate, an annual fee line, 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.

The purchase APR against the corpus

This is a tiered agreement: the filing discloses a purchase APR anywhere from 16.5% to 24.5%, a spread of 8 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Those two numbers occupy very different places in the corpus: roughly the 41st percentile at the bottom and the 59th at the top.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What the rate means in dollars

Put $4,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,110.

On a median-priced agreement from this index (21.99%) the same $4,000 would run about $983 a year, so this card costs in the region of $127 more annually for the identical balance.

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

The downside terms

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Fees, and what triggers them

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.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

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

The issuer's other agreements

Dupage Credit Union has 10 agreements indexed on this site. The issuer's own range is 18.5%–24.5%. At 24.5%, this agreement is dearer than 8 of its siblings.

What you cannot learn from the filing

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

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

The original filing, 5 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

The pricing here is middling by the standards of the index — 24.5% on purchases is near enough to typical.