Agreements as filed with the CFPB. Not an offer of credit. How we read them
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Florida West Coast Credit Union

Application and Solicitation Disclosure

The filed agreement discloses a purchase APR of 12.96%. Below: every term the document states, what it leaves out, and how the cost compares with the rest of the database.

Disclosed rates and fees

Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.

Terms as disclosed in the filed agreement for Application and Solicitation Disclosure
Purchase APR12.96%
Balance transfer APR12.96%
Cash advance APR12.96%
Late payment feeup to $25
Foreign transaction fee1%
Balance transfer feeNone
Grace period25 days
NetworkVisa

Analysis

On the record for Application and Solicitation Disclosure: a 12.96% purchase APR, filed by Florida West Coast Credit Union. Against the 4,587 filings on this site, that rate lands around the 10th percentile.

What this filing discloses

What follows is drawn entirely from Florida West Coast Credit Union's CFPB filing for Application and Solicitation Disclosure. The filing runs two pages, and It is issued on the Visa network.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a foreign transaction fee. A penalty rate and an annual fee line are not stated.

Where the purchase APR sits

The purchase APR of 12.96% places this agreement around the 10th percentile of the set — it falls in the low band of the corpus.

What a balance actually costs

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $415 in interest.

A typical filing in this index would charge about $738 on that balance; this one is roughly $323 a year below it.

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.

The no-interest path

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

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

The fee structure

For cash advances the filing discloses a cash advance APR of 12.96%.

Transferred balances are priced at 12.96%; no separate transfer fee was captured from the filing.

Foreign transactions attract 1%. On $3,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

What is outside the disclosure

The disclosure parsed here does not state an annual fee 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.

Where the authority sits

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

12.96% places this filing at the inexpensive end of the set, which is the headline here.

The source document

This page is a reading of one document: the cardholder agreement Florida West Coast Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.

Open the filed agreement (PDF)

Applications are handled by Florida West Coast Credit Union, not by us. We do not take applications and cannot say whether you would be approved.

Go to Florida West Coast Credit Union

Other cards from Florida West Coast Credit Union

This is the only agreement from Florida West Coast Credit Union in the database with enough disclosed terms to publish. See the issuer's full filing list.

Where this card sits

Groups this agreement qualifies for, by its own disclosed terms:

Comparable cards from other issuers

Closest disclosed purchase APR among cards in the same groups.