Combined Consumer Disclosures

On the record for Combined Consumer Disclosures: a 9.9% purchase APR and a 18% penalty rate, filed by Ih Mississippi Valley Credit Union. Against the 4,587 filings on this site, that rate lands around the 5th percentile.

What the agreement puts on the record

The document behind this page is Ih Mississippi Valley Credit Union's filed agreement for Combined Consumer Disclosures. It is issued on the Visa network and the filing runs eight pages.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and a late payment maximum. No figure appears for an annual fee line.

The purchase rate in context

Ranked against the corpus, this purchase APR — 9.9% — sits at approximately the 5th percentile and is lower than almost every other agreement here.

The cost of carrying a balance

Carry $5,000 on this card for a year without paying it down and the purchase rate alone generates roughly $520 in interest.

The corpus median purchase rate is 21.99%, which on the same $5,000 would cost about $1,229 a year. This filing saves roughly $709 annually against that benchmark.

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

The fee structure

For cash advances the filing discloses a cash advance fee of $5 or 2% of the advance, whichever is greater and a cash advance APR of 9.9%.

Moving a balance onto this card carries an up-front charge of $5 or 2% of the amount transferred, whichever is greater, with the transferred balance priced at 9.9%. On $1,000 that fee is about $20 before any interest is charged.

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

The downside terms

The agreement discloses penalty pricing of 18% — about the 19th percentile of the 794 penalty rates recorded across this index.

Measured in money, moving from 9.9% to 18% costs an extra $233 or so annually on $2,500 — a far larger number than any single late fee.

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

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

The limits of this document

This page cannot tell you an annual fee, because the filing's disclosure table as read does not contain it.

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, 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

9.9% places this filing at the inexpensive end of the set, which is the headline here.