Wave Agreement FCUPTDC0020 1225 Non Promo

Wave Agreement FCUPTDC0020 1225 Non Promo, as filed by Florida Credit Union, carries a purchase APR of 16.15%–17.9% and no annual fee. That purchase rate ranks near the 24th percentile across this corpus of 4,587 filings.

On the face of the filing

This page covers the agreement Florida Credit Union filed for Wave Agreement FCUPTDC0020 1225 Non Promo. It is issued on the Visa network and the filing runs nine pages.

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

The purchase rate in context

Purchases price between 16.15% and 17.9% under this filing. The 1.75-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 39th percentile and the high end around the 24th — the band straddles a wide stretch of the market this corpus describes.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

The arithmetic of revolving

Carry $5,000 on this card for a year without paying it down and the purchase rate alone generates roughly $980 in interest.

The corpus median purchase rate is 21.99%, which on the same $5,000 would cost about $1,229 a year. This filing saves roughly $250 annually against that benchmark.

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

Default pricing

$35 is the disclosed ceiling on a late payment fee, placing it near the 54th percentile of the set.

The fee structure

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.

Cash advances carry a cash advance APR of 17.9%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Spending abroad costs an extra 1% — about $10 on $1,000 of purchases, independent of interest.

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

The issuer's other agreements

16 separate Florida Credit Union filings appear in the corpus. The others all file the same 17.9% purchase rate. Whatever separates these products, it is not the cost of borrowing.

On fees, 4 of the 10 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What is outside the disclosure

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.

The document itself

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

In short

The pricing here is middling by the standards of the index — 17.9% 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.