Solicitation agreement Visa Line of Credit Pricing Information

Solicitation agreement Visa Line of Credit Pricing Information, as filed by Fibre Federal Credit Union, carries a 8.9% purchase APR and a 1.9% introductory rate. Against the 4,587 filings on this site, that rate lands around the 3rd percentile.

On the face of the filing

Fibre Federal Credit Union filed this agreement for Solicitation agreement Visa Line of Credit Pricing Information with the Consumer Financial Protection Bureau. The filing runs two pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a foreign transaction fee. No figure appears for a penalty rate and an annual fee line.

What the promotional rate is worth

For the first six months the filing sets a reduced rate of 1.9%. Balances still cost something during that window.

Among the 763 filings here that disclose an introductory rate, 1.9% sits at about the 62nd percentile.

Once the introductory period ends the rate becomes 8.9%, which turns a lingering $3,000 balance into approximately $279 of annual interest.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 8.9% lands at the 3rd percentile; it is among the very cheapest figures in the whole set.

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

Translating the rate into money

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $233 in interest.

Measured against the 21.99% corpus median, the same $2,500 costs approximately $382 less per year here.

Per statement cycle that is on the order of $18.35 on $2,500, which is the number that actually shows up on a bill.

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.

Charges beyond interest

Taking cash against the card means a cash advance APR of 10.5%. The premium over purchases is 1.6 percentage points. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

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

Spending abroad costs an extra 1% — about $30 on $3,000 of purchases, independent of interest.

The grace period

The filing gives 30 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. The median across this index is 25 days, so this filing is more generous than most.

Penalty pricing and late fees

Late payments are capped at $20 under this filing, about the 17th percentile of late fee maximums in the corpus.

Inside Fibre Federal Credit Union's filed lineup

There are 38 filings from Fibre Federal Credit Union in this index. Pricing across this issuer's filings is uniform at 8.9% — the rate table does not distinguish one of its cards from another.

What is outside the disclosure

Absent from the captured terms: an annual fee 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 original filing, 2 pages 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

8.9% places this filing at the inexpensive end of the set, which is the headline here.