VisaPlatinumPref Credit Card Account Disc Agreement FirstCommCU

First Community Credit Union's filed agreement for VisaPlatinumPref Credit Card Account Disc Agreement FirstCommCU 09 01 25 discloses a purchase APR of 11.9%–20.9% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 44th percentile.

What the document actually states

First Community Credit Union submitted the terms for VisaPlatinumPref Credit Card Account Disc Agreement FirstCommCU 09 01 25 to the CFPB's agreement database; this is what they contain. The filing runs five pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

Pricing the purchase rate

Purchases price between 11.9% and 20.9% under this filing. The 9-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Those two numbers occupy very different places in the corpus: roughly the 17th percentile at the bottom and the 44th at the top.

The arithmetic of revolving

A $3,000 balance left untouched for twelve months accrues about $697 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $738 in a year — so this agreement comes in around $40 cheaper for the same debt.

Per statement cycle that is on the order of $51.96 on $3,000, which is the number that actually shows up on a bill.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

When a payment is late

Late payments are capped at $10 under this filing, about the 6th percentile of late fee maximums in the corpus.

Where the fees are

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.

Inside First Community Credit Union's filed lineup

This is one of 5 First Community Credit Union agreements collected here. Across that lineup purchase rates span 7.9% to 16.9%; this filing's 20.9% sits above 2 of the comparable ones.

What the filing does not tell you

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

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

The original filing, 5 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

The pricing here is middling by the standards of the index — 20.9% on purchases is near enough to typical. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing. All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.