visa cfpb

The visa cfpb 1 1 26 filing from First Commonwealth Federal Credit Union sets out a purchase APR of 10.49%–16.75% and no annual fee. The purchase rate sits at roughly the 19th percentile of the 4,587 agreements indexed here.

What this filing discloses

First Commonwealth Federal Credit Union filed this agreement for visa cfpb 1 1 26 with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs eight pages.

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

The purchase rate in context

Purchases price between 10.49% and 16.75% under this filing. The 6.26-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Read against the index, the low end ranks around the 12th percentile and the high end around the 19th — the band straddles a wide stretch of the market this corpus describes.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

What a balance actually costs

Carry $1,000 on this card for a year without paying it down and the purchase rate alone generates roughly $182 in interest.

Measured against the 21.99% corpus median, the same $1,000 costs approximately $64 less per year here.

Month to month it reads as about $13.86 per cycle on that balance.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Where the fees are

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Taking cash against the card means a cash advance APR of 17.75%. The premium over purchases is 1 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 17.75%; no separate transfer fee was captured from the filing.

The foreign transaction fee is zero — a minority position in this corpus, where roughly 22% of disclosing filings waive it.

Default pricing

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

Grace period and minimum charge

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

The issuer's other agreements

5 separate First Commonwealth Federal Credit Union filings appear in the corpus. The others all file the same 18% purchase rate. Whatever separates these products, it is not the cost of borrowing.

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, 8 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

16.75% places this filing at the inexpensive end of the set, which is the headline here.