FCU Credit Card Disclosure Non Promo

On the record for FCU Credit Card Disclosure Non Promo: a $100 annual fee, filed by Florida Credit Union.

The disclosed terms

What follows is drawn entirely from Florida Credit Union's CFPB filing for FCU Credit Card Disclosure Non Promo. The filing runs two pages, and It is issued on the Visa network.

The filing is explicit about a cash advance rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a purchase rate, a balance transfer rate and a penalty rate.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

Charges beyond interest

Holding the card costs $100 a year before any transaction takes place — about the 94th percentile among agreements in this index that state a fee.

Year one is free of the fee per the filing; $100 applies thereafter.

Cash advances carry a cash advance APR of 17.9%.

The filing sets a 1% foreign transaction fee, which adds roughly $15 to $1,500 spent outside the United States.

When a payment is late

The maximum late fee is $35 — roughly the 54th percentile of the late fee ceilings disclosed across this index.

The grace period

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.

A minimum interest charge of $1.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

Against the rest of Florida Credit Union's filings

Florida Credit Union has 16 agreements indexed on this site. Their disclosed purchase rates run from 17.9% to 17.9%, though this particular filing does not state one in comparable form.

Its $100 annual fee is higher than 5 of the 10 sibling filings that state one.

What the filing does not tell you

The disclosure parsed here does not state a purchase rate, balance transfer terms and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

The document itself

The filed PDF is linked from this page and runs two pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The $100 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves. 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.