Credit Card Disclosures 3Qtr

On the record for Credit Card Disclosures 3Qtr 2024: no annual fee, filed by Founders Federal Credit Union.

What this filing discloses

Founders Federal Credit Union submitted the terms for Credit Card Disclosures 3Qtr 2024 to the CFPB's agreement database; this is what they contain. The filing runs six pages.

Terms captured from the document include a balance transfer rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a purchase rate, a cash advance 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.

What a missed payment costs

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

The fee structure

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Transferred balances are priced at 6%; 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.

Paying in full

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.

Inside Founders Federal Credit Union's filed lineup

Founders Federal Credit Union has 17 agreements indexed on this site. Their disclosed purchase rates run from 12.5% to 14.75%, though this particular filing does not state one in comparable form.

What is outside the disclosure

Absent from the captured terms: a purchase rate, anything about cash advances and penalty pricing. The original document is the place to look for any of these.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Reading the agreement yourself

Everything here is a reading of the filed agreement, six pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.