Before you read the numbers.
The purchase rate was read from a row the document did not label explicitly, so it carries more uncertainty than the other figures here.
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 | 21% |
|---|---|
| Late payment fee | up to $35 |
| Foreign transaction fee | 2% |
| Cash advance fee | $10.00 or 5.00% of the amount of each |
| Balance transfer fee | $5.00 or 3.00% of the amount of each |
| Grace period | 25 days |
Analysis
On the record for Premier Credit Card Account Opening Disclosure: a 21% purchase APR, filed by Greenwood Credit Union. That purchase rate ranks near the 46th percentile across this corpus of 4,587 filings.
On the face of the filing
What follows is drawn entirely from Greenwood Credit Union's CFPB filing for Premier Credit Card Account Opening Disclosure. The filing runs two pages.
The disclosure covers a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.
The row carrying the purchase rate is unlabelled in the original document; it is reported here as the most likely purchase figure rather than a certain one.
The purchase rate in context
Measured against every other filing on the site, 21% is about the 46th percentile for purchase APR; it sits close to the middle of the corpus.
What the rate means in dollars
Put $5,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,168.
Measured against the 21.99% corpus median, the same $5,000 costs approximately $61 less per year here.
Per statement cycle that is on the order of $87.03 on $5,000, which is the number that actually shows up on a bill.
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.
Fees, and what triggers them
Taking cash against the card means a cash advance fee of $10 or 5% of the advance, whichever is greater.
Transfers are charged $5 or 3% of the amount transferred, whichever is greater, though no distinct transfer APR appears in the document. Transferring $1,000 would cost roughly $30 at the door.
Spending abroad costs an extra 2% — about $40 on $2,000 of purchases, independent of interest.
The grace period
Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.
When a payment is late
On the fee side, a late payment can cost up to $35, which is around the 54th percentile here.
How it sits in the issuer's own range
3 separate Greenwood Credit Union filings appear in the corpus.
What is outside the disclosure
This page cannot tell you an annual 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.
Reading the agreement yourself
Everything here is a reading of the filed agreement, two pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.
In short
At 21% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.
The source document
This page is a reading of one document: the cardholder agreement Greenwood 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 Greenwood Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Greenwood Credit Union
This is the only agreement from Greenwood 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.