Cash Back Visa Credit Card Agreement and Disclosure 12 24%

Landmark Credit Union's filed agreement for Cash Back Visa Credit Card Agreement and Disclosure 12 24% discloses a 0% purchase APR, no annual fee, a 15.24% introductory rate and a 29.99% penalty rate. Against the 4,587 filings on this site, that rate lands around the 1st percentile.

What the agreement puts on the record

Landmark Credit Union submitted the terms for Cash Back Visa Credit Card Agreement and Disclosure 12 24% to the CFPB's agreement database; this is what they contain. 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 penalty rate, an annual fee line and a grace period. It is silent on a balance transfer rate, a late payment maximum and a foreign transaction fee.

The introductory rate

An introductory rate of 15.24% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 15.24% sits at about the 95th percentile.

The go-to rate is 0%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $0 a year on $2,500.

The purchase rate in context

Set beside the rest of the index, the purchase APR of 0% lands at the 1st percentile; it is among the very cheapest figures in the whole set.

What a balance actually costs

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $0 in interest.

Priced at the median of 21.99%, that balance would generate about $246 in a year — so this agreement comes in around $246 cheaper for the same debt.

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

Charges beyond interest

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Taking cash against the card means a cash advance APR of 15.24%. The premium over purchases is 15.24 percentage points.

What a missed payment costs

A penalty APR of 29.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 61st percentile.

The jump from 0% to 29.99% is 29.99 percentage points, worth roughly $350 extra per year on $1,000 of balance.

The no-interest path

The filing gives 27 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. The median across this index is 25 days, so this filing is more generous than most.

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

Against the rest of Landmark Credit Union's filings

Landmark Credit Union has 22 agreements indexed on this site. Their disclosed purchase rates run from 0% to 23.99%, and this one at 0% is more expensive than 0 of them.

On fees, 8 of the 10 sibling filings that disclose an annual fee also set it at zero — this one is among them.

The limits of this document

This page cannot tell you balance transfer terms and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

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.

The document itself

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

0% places this filing at the inexpensive end of the set, which is the headline here. The absence of an annual fee means the rate is the only thing that can make this card expensive.