Kinecta Application Solicitation Disclosure

Kinecta Application Solicitation Disclosure, as filed by Kinecta Federal Credit Union, carries a purchase APR of 14.24%–18%, no annual fee and a 8.99% introductory rate. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

What the document actually states

Kinecta Federal Credit Union submitted the terms for Kinecta Application Solicitation Disclosure to the CFPB's agreement database; this is what they contain. It is issued on the Mastercard network and the filing runs three pages.

The disclosure covers 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.

What the promotional rate is worth

A promotional rate of 8.99% 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, 8.99% sits at about the 91st percentile.

What matters more than the promotion is the rate waiting behind it: 18%. A $1,000 balance that survives the promotional window costs roughly $197 a year from that point on.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 14.24% to 18%, a spread of 3.76 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 28th percentile of filed purchase rates; the ceiling sits at about the 34th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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 the rate means in dollars

The purchase rate turns a $2,500 revolving balance into roughly $493 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $2,500 would cost about $615 a year. This filing saves roughly $122 annually against that benchmark.

Per statement cycle that is on the order of $37.25 on $2,500, which is the number that actually shows up on a bill.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

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

Default pricing

$30 is the disclosed ceiling on a late payment fee, placing it near the 49th 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 $10 or 3% of the advance, whichever is greater and a cash advance APR of 16.24%. $333 is the crossover point where the percentage overtakes the $10 minimum. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Moving a balance onto this card carries an up-front charge of $10 or 3% of the amount transferred, whichever is greater, with the transferred balance priced at 14.24%. Transferring $1,000 would cost roughly $30 at the door.

Foreign transactions carry no fee. Only about 22% of the filings here that disclose a foreign transaction fee set it at zero, so this is a genuine point of difference.

Grace period and minimum charge

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

The $1 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

How it sits in the issuer's own range

Kinecta Federal Credit Union has 3 agreements indexed on this site. Pricing across this issuer's filings is uniform at 18% — the rate table does not distinguish one of its cards from another.

The limits of this document

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

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.

Go to the source

The original filing, 3 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 18% on purchases is near enough to typical. The absence of an annual fee means the rate is the only thing that can make this card expensive.