Credit Card

Credit Card, as filed by Lake Trust Credit Union, carries a 23.99% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 57th percentile.

What this filing discloses

This page covers the agreement Lake Trust Credit Union filed for Credit Card. The filing runs two pages.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

The purchase rate was taken from a row the filing did not clearly label, so there is some risk it describes a different balance type.

Where the purchase APR sits

Measured against every other filing on the site, 23.99% is about the 57th percentile for purchase APR; it lands near the median.

What the rate means in dollars

Carry $2,000 on this card for a year without paying it down and the purchase rate alone generates roughly $542 in interest.

A card priced at the corpus median of 21.99% would charge roughly $492 on that balance. This one charges about $50 more per year.

Per statement cycle that is on the order of $39.81 on $2,000, which is the number that actually shows up on a bill.

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.

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.

The filing sets a 1% foreign transaction fee, which adds roughly $10 to $1,000 spent outside the United States.

Penalty pricing and late fees

Late payments are capped at $35 under this filing, about the 54th 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. That matches the 25-day median across the corpus almost exactly.

Against the rest of Lake Trust Credit Union's filings

Lake Trust Credit Union has 15 agreements indexed on this site. The others all file the same 23.99% purchase rate. Whatever separates these products, it is not the cost of borrowing.

The limits of this document

Absent from the captured terms: anything about cash advances, balance transfer terms and penalty pricing. The original document is the place to look for any of these.

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.

Reading the agreement yourself

This summary stands or falls on the linked PDF — two pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 23.99% on purchases is near enough to typical. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.