Platinum MasterCard Account Opening Disclosure

The Platinum MasterCard Account Opening Disclosure filing from Genisys Credit Union Dba Genisys Investment Services sets out a purchase APR of 9.9%–18% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

The disclosed terms

Genisys Credit Union Dba Genisys Investment Services filed this agreement for Platinum MasterCard Account Opening Disclosure with the Consumer Financial Protection Bureau. It is issued on the Mastercard network and the filing runs four pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate and a foreign transaction fee.

The purchase APR against the corpus

The purchase APR is quoted as a range of 9.9% to 18%. That 8.1-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Those two numbers occupy very different places in the corpus: roughly the 10th percentile at the bottom and the 34th at the top.

The arithmetic of revolving

Carry $1,500 on this card for a year without paying it down and the purchase rate alone generates roughly $296 in interest.

Priced at the median of 21.99%, that balance would generate about $369 in a year — so this agreement comes in around $73 cheaper for the same debt.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

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.

Taking cash against the card means a cash advance APR of 9.9%. 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.

Transferred balances are priced at 9.9%; no separate transfer fee was captured from the filing.

Penalty pricing and late fees

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

The no-interest path

The filing gives 28 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That is longer than the corpus median of 25 days.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

The issuer's other agreements

Genisys Credit Union Dba Genisys Investment Services has 3 agreements indexed on this site. The others all file the same 18% purchase rate. Whatever separates these products, it is not the cost of borrowing.

The limits of this document

This page cannot tell you a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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

In short

18% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The absence of an annual fee means the rate is the only thing that can make this card expensive.