visa account agreement

Hapo Community Credit Union filed this agreement for visa account agreement.

What the document actually states

Hapo Community Credit Union submitted the terms for visa account agreement to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs six pages.

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

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

The downside terms

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

What the card costs before you borrow

Taking cash against the card means a cash advance fee of 3% and a cash advance APR of 22.99%.

Transfers are charged 3% of the amount transferred, though no distinct transfer APR appears in the document. Transferring $7,500 would cost roughly $225 at the door.

Foreign transactions attract 2%. On $2,000 of overseas spending that is $40, charged on top of whatever exchange rate applies.

What you cannot learn from the filing

This page cannot tell you a purchase rate, an annual fee, a grace period 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 — six pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.