Visa Credit Card Account Opening Disclosure 8 90%

J S C Federal Credit Union's filed agreement for Visa Credit Card Account Opening Disclosure 8 90% discloses a 8.9% purchase APR, no annual fee and a 2.99% introductory rate. Against the 4,587 filings on this site, that rate lands around the 3rd percentile.

What this filing discloses

What follows is drawn entirely from J S C Federal Credit Union's CFPB filing for Visa Credit Card Account Opening Disclosure 8 90%. The filing runs two pages, and It is issued on the Visa network.

The filing is explicit about 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.

The promotional period

The introductory rate is 2.99%, held for six months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

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

The go-to rate is 8.9%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $186 a year on $2,000.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 8.9% lands at the 3rd percentile; it is among the very cheapest figures in the whole set.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

The cost of carrying a balance

At the disclosed purchase APR, $1,500 revolving for a full year costs something like $140 in interest.

A typical filing in this index would charge about $369 on that balance; this one is roughly $229 a year below it.

Per statement cycle that is on the order of $11.01 on $1,500, which is the number that actually shows up on a bill.

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

The fee structure

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 APR of 8.9%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 8.9% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 1% — about $10 on $1,000 of purchases, independent of interest.

When a payment is late

The maximum late fee is $0 — roughly the 2nd percentile of the late fee ceilings disclosed across this index.

The no-interest path

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.

Against the rest of J S C Federal Credit Union's filings

12 separate J S C Federal Credit Union filings appear in the corpus. Their disclosed purchase rates run from 7.9% to 17.9%, and this one at 8.9% is more expensive than 1 of them.

The limits of this document

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Reading the agreement yourself

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

In short

8.9% places this filing at the inexpensive end of the set, which is the headline here. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.