E 20 75 VISA Cash Back ACCT Disclosures ELGACU

Elga Credit Union's filed agreement for E 20 75 VISA Cash Back ACCT Disclosures ELGACU 01 01 26 discloses a 20.75% purchase APR and no annual fee. The purchase rate sits at roughly the 44th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

Elga Credit Union filed this agreement for E 20 75 VISA Cash Back ACCT Disclosures ELGACU 01 01 26 with the Consumer Financial Protection Bureau. 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, 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 rate in context

20.75% puts the purchase APR near the 44th percentile across 2,280 agreements, so it lands near the median.

The cost of carrying a balance

Put $5,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,153.

Priced at the median of 21.99%, that balance would generate about $1,229 in a year — so this agreement comes in around $77 cheaper for the same debt.

Month to month it reads as about $85.98 per cycle on that balance.

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.

What a missed payment costs

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

What the card costs before you borrow

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 filing sets a 2% foreign transaction fee, which adds roughly $100 to $5,000 spent outside the United States.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The issuer's other agreements

30 separate Elga Credit Union filings appear in the corpus. The issuer's own range is 11.75%–20.75%. At 20.75%, this agreement is dearer than 24 of its siblings.

The limits of this document

Absent from the captured terms: 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.

Reading the agreement yourself

The original filing, 1 page 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

20.75% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The absence of an annual fee means the rate is the only thing that can make this card expensive.