B 13 5 VISA Business ACCT Disclosures ELGACU

On the record for 51 B 13 5 VISA Business ACCT Disclosures ELGACU 02 13 25: a 13.5% purchase APR and no annual fee, filed by Elga Credit Union. Against the 4,587 filings on this site, that rate lands around the 11th percentile.

What the document actually states

Elga Credit Union submitted the terms for 51 B 13 5 VISA Business ACCT Disclosures ELGACU 02 13 25 to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs one page.

On the record here: a purchase rate, an annual fee line, a late payment maximum and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

Where the purchase APR sits

At 13.5%, the purchase APR falls at roughly the 11th percentile of the 2,280 filings indexed here, which falls in the low band of the corpus.

The cost of carrying a balance

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $289 in interest.

Measured against the 21.99% corpus median, the same $2,000 costs approximately $203 less per year here.

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.

The downside terms

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

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

Inside Elga Credit Union's filed lineup

There are 30 filings from Elga Credit Union in this index. Their disclosed purchase rates run from 11.75% to 20.75%, and this one at 13.5% is more expensive than 5 of them.

What you cannot learn from the filing

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

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.

Reading the agreement yourself

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

The purchase rate of 13.5% is one of the cheaper figures in this index — the central point in the agreement's favour.