Visa Credit Card Agreement

On the record for Visa Credit Card Agreement: a purchase APR of 6.9%–10.9% and no annual fee, filed by Gulf Winds Credit Union. The purchase rate sits at roughly the 6th percentile of the 4,587 agreements indexed here.

What the document actually states

Gulf Winds Credit Union submitted the terms for Visa Credit Card Agreement to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs one page.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

The purchase APR against the corpus

The purchase APR is quoted as a range of 6.9% to 10.9%. That 4-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 3rd percentile of filed purchase rates; the ceiling sits at about the 6th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

What the rate means in dollars

The purchase rate turns a $1,000 revolving balance into roughly $115 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,000 would cost about $246 a year. This filing saves roughly $131 annually against that benchmark.

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

The no-interest path

Purchases carry a 21-day grace period: pay the statement in full inside it and the purchase rate never applies. The typical filing here allows 25 days, so this one is tighter than most.

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

The downside terms

On the fee side, a late payment can cost up to $20, which is around the 17th percentile here.

What the card costs before you borrow

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Foreign transactions attract 1%. On $2,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

What you cannot learn from the filing

This page cannot tell you anything about cash advances, balance transfer terms 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.

Go to the source

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

In short

10.9% places this filing at the inexpensive end of the set, which is the headline here. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.