Visa Credit Card Disclosures

Hiway Credit Union's filed agreement for Visa Credit Card Disclosures discloses a 1.99% introductory rate.

What the agreement puts on the record

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

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

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

What the promotional rate is worth

A promotional rate of 1.99% applies for 12 months under this agreement — lower than the standard rate, but not free.

Among the 763 filings here that disclose an introductory rate, 1.99% sits at about the 66th percentile.

Only the introductory figure parsed cleanly here. Since the rate after the promotion is the one that governs the account for most of its life, this page cannot describe the real cost of the card.

When a payment is late

$0 is the disclosed ceiling on a late payment fee, placing it near the 2nd percentile of the set.

What the card costs before you borrow

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

Paying in full

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

How it sits in the issuer's own range

This is one of 5 Hiway Credit Union agreements collected here.

The limits of this document

This page cannot tell you a purchase rate, anything about cash advances, balance transfer terms and an annual fee, 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.

Where the authority sits

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

In short

Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.