Prescreen Disclosures MyPerks

The Prescreen Disclosures MyPerks filing from Kinecta Federal Credit Union sets out a purchase APR of 14.24%–18%, no annual fee and a 8.99% introductory rate. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

What this filing discloses

The document behind this page is Kinecta Federal Credit Union's filed agreement for Prescreen Disclosures MyPerks. The filing runs two pages, and It is issued on the Mastercard 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. It is silent on a penalty rate.

The promotional period

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.

The go-to rate is 18%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $197 a year on $1,000.

How the purchase rate compares

Purchases price between 14.24% and 18% under this filing. The 3.76-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

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.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

The arithmetic of revolving

At the disclosed purchase APR, $1,500 revolving for a full year costs something like $296 in interest.

Measured against the 21.99% corpus median, the same $1,500 costs approximately $73 less per year here.

Month to month it reads as about $22.35 per cycle on that balance.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

When a payment is late

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

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 fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 16.24%. The two halves of that fee cross at about $333: below it the flat $10 applies, above it the percentage does.

Balance transfers cost $10 or 3% of the amount transferred, whichever is greater up front and then accrue at 14.24%. Shifting $2,000 across attracts something like $60 in fees on day one.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

Inside Kinecta Federal Credit Union's filed lineup

There are 3 filings from Kinecta Federal Credit Union in this index. Every one of the others that discloses a purchase rate discloses the same 18%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

What is outside the disclosure

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

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Go to the source

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

In short

18% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The absence of an annual fee means the rate is the only thing that can make this card expensive.