Visa Canvas Truth in Lending Terms and Conditions

On the record for Visa Canvas Truth in Lending Terms and Conditions: a purchase APR of 16.5%–24.5% and no annual fee, filed by Dupage Credit Union. The purchase rate sits at roughly the 59th percentile of the 4,587 agreements indexed here.

What the document actually states

The document behind this page is Dupage Credit Union's filed agreement for Visa Canvas Truth in Lending Terms and Conditions. It is issued on the Visa network and the filing runs five pages.

The filing is explicit about a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Pricing the purchase rate

Purchases price between 16.5% and 24.5% under this filing. The 8-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

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

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

Translating the rate into money

The purchase rate turns a $2,000 revolving balance into roughly $555 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $492 on that balance. This one charges about $63 more per year.

Per statement cycle that is on the order of $40.67 on $2,000, 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

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.

The foreign transaction fee is zero — a minority position in this corpus, where roughly 22% of disclosing filings waive it.

Penalty pricing and late fees

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

The no-interest path

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

Against the rest of Dupage Credit Union's filings

This is one of 10 Dupage Credit Union agreements collected here. Their disclosed purchase rates run from 18.5% to 24.5%, and this one at 24.5% is more expensive than 8 of them.

What the filing does not tell you

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

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

The document itself

The filed PDF is linked from this page and runs five pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 24.5% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.