Platinum MasterCard Brochure, Application and Disclosure

On the record for Platinum MasterCard Brochure, Application and Disclosure: a purchase APR of 8.9%–17.9% and a 2.99% introductory rate, filed by Erie Federal Credit Union. That purchase rate ranks near the 24th percentile across this corpus of 4,587 filings.

The disclosed terms

Erie Federal Credit Union submitted the terms for Platinum MasterCard Brochure, Application and Disclosure to the CFPB's agreement database; this is what they contain. The filing runs seven pages, and It is issued on the Mastercard network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a foreign transaction fee. A penalty rate and an annual fee line are not stated.

What the promotional rate is worth

For the first six months the filing sets a reduced rate of 2.99%. Balances still cost something during that window.

Among the 763 filings here that disclose an introductory rate, 2.99% sits at about the 79th percentile.

What matters more than the promotion is the rate waiting behind it: 17.9%. A $2,000 balance that survives the promotional window costs roughly $392 a year from that point on.

Pricing the purchase rate

This is a tiered agreement: the filing discloses a purchase APR anywhere from 8.9% to 17.9%, a spread of 9 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Read against the index, the low end ranks around the 6th percentile and the high end around the 24th — the band straddles a wide stretch of the market this corpus describes.

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

What the rate means in dollars

A $4,000 balance left untouched for twelve months accrues about $784 in interest at this purchase rate.

Measured against the 21.99% corpus median, the same $4,000 costs approximately $200 less per year here.

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.

Grace period and minimum charge

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.

When a payment is late

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

Fees, and what triggers them

Cash advances carry a cash advance APR of 8.9%.

Transferred balances are priced at 8.9%; no separate transfer fee was captured from the filing.

Foreign transactions attract 1%. On $3,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

Against the rest of Erie Federal Credit Union's filings

Erie Federal Credit Union has 7 agreements indexed on this site. Across that lineup purchase rates span 15.9% to 17.9%; this filing's 17.9% sits above 3 of the comparable ones.

What the filing does not tell you

This page cannot tell you an annual fee and penalty pricing, because the filing's disclosure table as read does not contain them.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

The document itself

This summary stands or falls on the linked PDF — seven pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

17.9% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.