Visa Platinum Agreement, Application and Solicitation Disclosure

The Visa Platinum Agreement, Application and Solicitation Disclosure filing from Hawaii Central Federal Credit Union sets out a 38.9% purchase APR and a 2.99% introductory rate. Against the 4,587 filings on this site, that rate lands around the 100th percentile.

On the face of the filing

Visa Platinum Agreement, Application and Solicitation Disclosure is one of the agreements Hawaii Central Federal Credit Union has on file with the CFPB. The filing runs eight pages, and It is issued on the Visa network.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a grace period. It is silent on a penalty rate, an annual fee line and a foreign transaction fee.

The introductory rate

The filing discloses an introductory rate of 2.99% but no term for it.

Among the 763 filings here that disclose an introductory rate, 2.99% sits at about the 79th percentile.

The go-to rate is 38.9%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $1,426 a year on $3,000.

Pricing the purchase rate

The purchase APR of 38.9% places this agreement around the 100th percentile of the set — it sits in the top few percent of the entire set.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

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.

The arithmetic of revolving

A $2,500 balance left untouched for twelve months accrues about $1,188 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $2,500 would run about $615 a year, so this card costs in the region of $573 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $81.18.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Grace period and minimum charge

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. With a corpus median of 25 days, this window is narrower than the norm.

When a payment is late

$20 is the disclosed ceiling on a late payment fee, placing it near the 17th percentile of the set.

Charges beyond interest

Cash advances carry a cash advance APR of 78.9%. That is 40 points above the purchase rate. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 58.9% balance transfer rate without an accompanying fee figure.

What is outside the disclosure

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

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Where the authority sits

Everything here is a reading of the filed agreement, eight pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

This is an expensive agreement by the standards of the corpus, driven by a 38.9% purchase rate that is inert for a transactor and punishing for a revolver.