Rewards Visa Credit Card Agreement and Disclosure 18 99 %

The Rewards Visa Credit Card Agreement and Disclosure 18 99 % filing from Landmark Credit Union sets out a 0% purchase APR, no annual fee, a 18.99% introductory rate and a 29.99% penalty rate. That purchase rate ranks near the 1st percentile across this corpus of 4,587 filings.

What the document actually states

What follows is drawn entirely from Landmark Credit Union's CFPB filing for Rewards Visa Credit Card Agreement and Disclosure 18 99 %. 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. A balance transfer rate, a late payment maximum and a foreign transaction fee are not stated.

The introductory rate

The filing discloses an introductory rate of 18.99% but no term for it.

Among the 763 filings here that disclose an introductory rate, 18.99% sits at about the 97th percentile.

Behind the promotion sits a 0% purchase rate. On $1,000 that is in the region of $0 a year once the window closes.

How the purchase rate compares

Measured against every other filing on the site, 0% is about the 1st percentile for purchase APR; it sits in the bottom few percent of everything filed.

Translating the rate into money

A $2,500 balance left untouched for twelve months accrues about $0 in interest at this purchase rate.

Measured against the 21.99% corpus median, the same $2,500 costs approximately $615 less per year here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $0.

Small balances do not get a proportionally small bill — the agreement imposes a $1 minimum interest charge in any month where interest applies.

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

Paying in full

Purchases carry a 27-day grace period: pay the statement in full inside it and the purchase rate never applies. That is longer than the corpus median of 25 days.

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

What a missed payment costs

The agreement discloses penalty pricing of 29.99% — about the 61st percentile of the 794 penalty rates recorded across this index.

The jump from 0% to 29.99% is 29.99 percentage points, worth roughly $1,049 extra per year on $3,000 of balance.

What the card costs before you borrow

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.

Taking cash against the card means a cash advance APR of 21.99%. That is 21.99 points above the purchase rate.

The issuer's other agreements

22 separate Landmark Credit Union filings appear in the corpus. Their disclosed purchase rates run from 0% to 23.99%, and this one at 0% is more expensive than 0 of 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

Everything here is a reading of the filed agreement, two pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The purchase rate of 0% is one of the cheaper figures in this index — the central point in the agreement's favour. The absence of an annual fee means the rate is the only thing that can make this card expensive.