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 agreement puts on the record

The document behind this page is Iq Credit Union's filed agreement for VISA Disclosures Platinum. The filing runs one page, and It is issued on the Visa network.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate and a foreign transaction fee.

The purchase rate in context

17.24% puts the purchase APR near the 21st percentile across 2,280 agreements, so it is on the cheaper side of the median.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

What a balance actually costs

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $282.

The corpus median purchase rate is 21.99%, which on the same $1,500 would cost about $369 a year. This filing saves roughly $87 annually against that benchmark.

Month to month it reads as about $21.40 per cycle on that balance.

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.

What the card costs before you borrow

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

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 7.24%. $250 is the crossover point where the percentage overtakes the $5 minimum. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 7.24% balance transfer rate without an accompanying fee figure.

Penalty pricing and late fees

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

The no-interest path

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

The limits of this document

This page cannot tell you 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.

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.

Reading the agreement yourself

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

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.