Visa Thrive Truth in Lending Terms and Conditions

Visa Thrive Truth in Lending Terms and Conditions, as filed by Dupage Credit Union, carries a purchase APR of 10.5%–18.5%, no annual fee and a 12-month 0% opening period. The purchase rate sits at roughly the 39th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

Dupage Credit Union filed this agreement for Visa Thrive Truth in Lending Terms and Conditions with the Consumer Financial Protection Bureau. 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 interest-free window

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

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

The go-to rate is 18.5%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $508 a year on $2,500.

Put the other way round, the 12-month zero rate is worth roughly $508 on a $2,500 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

Pricing the purchase rate

The purchase APR is quoted as a range of 10.5% to 18.5%. That 8-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Read against the index, the low end ranks around the 12th percentile and the high end around the 39th — the band straddles a wide stretch of the market this corpus describes.

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

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

Translating the rate into money

The purchase rate turns a $3,000 revolving balance into roughly $609 of annual interest.

Measured against the 21.99% corpus median, the same $3,000 costs approximately $128 less per year here.

Per statement cycle that is on the order of $45.95 on $3,000, 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.

Charges beyond interest

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

For cash advances the filing discloses a cash advance fee of $5 or 3% of the advance, whichever is greater. The two halves of that fee cross at about $167: below it the flat $5 applies, above it the percentage does.

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.

Penalty pricing and late fees

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

The limits of this document

This page cannot tell you balance transfer terms and penalty pricing, 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.

Inside Dupage Credit Union's filed lineup

10 separate Dupage Credit Union filings appear in the corpus. Their disclosed purchase rates run from 18.5% to 24.5%, and this one at 18.5% is more expensive than 0 of them.

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 18.5% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The absence of an annual fee means the rate is the only thing that can make this card expensive.