Application Solicitation Disclosure 3 27 23 (uploaded 4 27 23)

On the record for Application Solicitation Disclosure 3 27 23 (uploaded 4 27 23): a purchase APR of 10.5%–17.25%, filed by Kirtland Federal Credit Union. The purchase rate sits at roughly the 22nd percentile of the 4,587 agreements indexed here.

What the document actually states

This page covers the agreement Kirtland Federal Credit Union filed for Application Solicitation Disclosure 3 27 23 (uploaded 4 27 23). The filing runs two pages, 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, a late payment maximum and a foreign transaction fee. It is silent on a penalty rate and an annual fee line.

The filing bundles multiple products into one disclosure table. Any figure quoted here may describe a related card in the same filing, so the PDF should be read before treating these numbers as this card's own.

Pricing the purchase rate

Purchases price between 10.5% and 17.25% under this filing. The 6.75-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Read against the index, the low end ranks around the 12th percentile and the high end around the 22nd — the band straddles a wide stretch of the market this corpus describes.

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.

A typical filing in this index would charge about $369 on that balance; this one is roughly $86 a year below it.

There is also a floor: the filing sets a minimum interest charge of $0.50, so any cycle that accrues less than that is billed at $0.50 anyway.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Charges beyond interest

For cash advances the filing discloses a cash advance fee of $3 or 1% of the advance, whichever is greater and a cash advance APR of 10.5%. The two halves of that fee cross at about $300: below it the flat $3 applies, above it the percentage does. 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.

The filing discloses a 10.5% balance transfer rate without an accompanying fee figure.

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.

What a missed payment costs

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

The no-interest path

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.

A minimum interest charge of $0.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

What is outside the disclosure

This page cannot tell you an annual fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Inside Kirtland Federal Credit Union's filed lineup

13 separate Kirtland Federal Credit Union filings appear in the corpus. Their disclosed purchase rates run from 12.75% to 17.75%, and this one at 17.25% is more expensive than 7 of them.

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

17.25% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. And because the filing covers several products in one table, even the figures that are right may belong to a different card.