Before you read the numbers.
The filing discloses a promotional rate alongside the ongoing rate. The figure shown here is the go-to rate that applies once the promotional period ends, because that is the rate that governs for the life of the account.
This document covers more than one card product in a single disclosure table. Figures shown may belong to a sibling product rather than to this one. Check the filing before relying on any individual number.
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.
| Purchase APR | 0%–4.99% |
|---|---|
| Introductory APR | 4.99% for 6 months |
| Balance transfer APR | 0% |
| Cash advance APR | 0% |
| Penalty APR | 22.99% |
| Annual fee | $0 |
| Late payment fee | up to $30 |
| Foreign transaction fee | 2% |
| Cash advance fee | $10.00 or 4.00% of the amount of each |
| Balance transfer fee | None |
| Grace period | 25 days |
| Minimum interest charge | $0 |
Analysis
On the record for Platinum Rewards/platinum/world: a purchase APR of 0%–4.99%, no annual fee, a 4.99% introductory rate and a 22.99% penalty rate, filed by Greenstate Credit Union. The purchase rate sits at roughly the 2nd percentile of the 4,587 agreements indexed here.
What this filing discloses
What follows is drawn entirely from Greenstate Credit Union's CFPB filing for Platinum Rewards/platinum/world. The filing runs three pages.
Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.
This document discloses several products inside a single rate table. That means the numbers below are the ones the table contains, not necessarily the ones attached to this particular card — the filing itself is the only way to tell them apart.
What the promotional rate is worth
A promotional rate of 4.99% applies for six months under this agreement — lower than the standard rate, but not free.
Among the 763 filings here that disclose an introductory rate, 4.99% sits at about the 87th percentile.
Behind the promotion sits a 4.99% purchase rate. On $5,000 that is in the region of $256 a year once the window closes.
The purchase APR against the corpus
Purchases price between 0% and 4.99% under this filing. The 4.99-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 1st percentile and the high end around the 2nd — the band straddles a wide stretch of the market this corpus describes.
The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.
Translating the rate into money
At the disclosed purchase APR, $3,000 revolving for a full year costs something like $153 in interest.
Measured against the 21.99% corpus median, the same $3,000 costs approximately $584 less per year here.
Month to month it reads as about $12.33 per cycle on that balance.
That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.
Fees, and what triggers them
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 fee of $10 or 4% of the advance, whichever is greater and a cash advance APR of 0%. Advances under roughly $250 are charged the flat $10; larger ones are charged 4%. 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 0%; no separate transfer fee was captured from the filing.
Spending abroad costs an extra 2% — about $20 on $1,000 of purchases, independent of interest.
The downside terms
A penalty APR of 22.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 33rd percentile.
A default therefore reprices the debt by 18 points: about $622 a year more on $3,000, for as long as the penalty rate stands.
$30 is the disclosed ceiling on a late payment fee, placing it near the 49th percentile of the set.
The grace period
Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.
The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.
What you cannot learn from the filing
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
The original filing, 3 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
The purchase rate of 4.99% is one of the cheaper figures in this index — the central point in the agreement's favour. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.
The source document
This page is a reading of one document: the cardholder agreement Greenstate Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Greenstate Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Greenstate Credit Union
This is the only agreement from Greenstate 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.