VISA Disclosures Platinum

Iq Credit Union's filed agreement for VISA Disclosures Platinum discloses a 17.24% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 21st percentile.

What the document actually states

This page covers the agreement Iq Credit Union filed for VISA Disclosures Platinum. The filing runs one page, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate and a foreign transaction fee.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 17.24% lands at the 21st percentile; it comes in under the midpoint of the corpus.

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.

What the rate means in dollars

Put $1,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $188.

Measured against the 21.99% corpus median, the same $1,000 costs approximately $58 less per year here.

Per statement cycle that is on the order of $14.27 on $1,000, which is the number that actually shows up on a bill.

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.

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

Default pricing

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Where the fees are

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Cash advances carry a cash advance fee of $5 or 2% of the advance, whichever is greater and a cash advance APR of 7.24%.

Transferred balances are priced at 7.24%; no separate transfer fee was captured from the filing.

The issuer's other agreements

This is one of 6 Iq Credit Union agreements collected here. Their disclosed purchase rates run from 16.24% to 17.24%, and this one at 17.24% is more expensive than 1 of them.

What is outside the disclosure

This page cannot tell you a foreign transaction fee 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

The filed PDF is linked from this page and runs one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 17.24% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.