Classic Card Terms and Conditions

General Electric Credit Union's filed agreement for Classic Card Terms and Conditions discloses a 18% purchase APR, no annual fee and a 18% introductory rate. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

What this filing discloses

Classic Card Terms and Conditions is one of the agreements General Electric Credit Union has on file with the CFPB. The filing runs three pages, and It is issued on the Visa network.

Terms captured from the document include 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.

What the promotional rate is worth

The introductory rate is 18%, held for 12 months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 18% sits at about the 96th percentile.

The go-to rate is 18%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $986 a year on $5,000.

The purchase APR against the corpus

Set beside the rest of the index, the purchase APR of 18% lands at the 34th percentile; it comes in under the midpoint of the corpus.

The cost of carrying a balance

The purchase rate turns a $3,000 revolving balance into roughly $591 of annual interest.

A typical filing in this index would charge about $738 on that balance; this one is roughly $146 a year below it.

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

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.

Penalty pricing and late fees

On the fee side, a late payment can cost up to $32, which is around the 50th percentile here.

Fees, and what triggers them

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.

The issuer's other agreements

This is one of 6 General Electric Credit Union agreements collected here. The others all file the same 18% purchase rate. Whatever separates these products, it is not the cost of borrowing.

What is outside the disclosure

This page cannot tell you anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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

This summary stands or falls on the linked PDF — three pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

18% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.