Liberty Financial MasterCard Agreement and Disclosures

On the record for Liberty Financial MasterCard Agreement and Disclosures: a 1.99% purchase APR, no annual fee, a 1.99% introductory rate and a 18% penalty rate, filed by Liberty Federal Credit Union. The purchase rate sits at roughly the 1st percentile of the 4,587 agreements indexed here.

On the face of the filing

The document behind this page is Liberty Federal Credit Union's filed agreement for Liberty Financial MasterCard Agreement and Disclosures. It is issued on the Mastercard network and the filing runs three pages.

On the record here: a purchase rate, a penalty rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a cash advance rate and a balance transfer rate.

The introductory rate

A promotional rate of 1.99% applies for six months under this agreement — lower than the standard rate, but not free.

Among the 763 filings here that disclose an introductory rate, 1.99% sits at about the 66th percentile.

What matters more than the promotion is the rate waiting behind it: 1.99%. A $3,000 balance that survives the promotional window costs roughly $60 a year from that point on.

How the purchase rate compares

Set beside the rest of the index, the purchase APR of 1.99% lands at the 1st percentile; it is lower than almost every other agreement here.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

What the rate means in dollars

Put $3,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $60.

The corpus median purchase rate is 21.99%, which on the same $3,000 would cost about $738 a year. This filing saves roughly $677 annually against that benchmark.

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

What the card costs before you borrow

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Foreign transactions attract 1%. On $1,000 of overseas spending that is $10, charged on top of whatever exchange rate applies.

What a missed payment costs

A penalty APR of 18% 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 19th percentile.

A default therefore reprices the debt by 16.01 points: about $354 a year more on $2,000, for as long as the penalty rate stands.

The maximum late fee is $27 — roughly the 45th percentile of the late fee ceilings disclosed across this index.

The grace period

Purchases carry a 21-day grace period: pay the statement in full inside it and the purchase rate never applies. That is shorter than the 25-day corpus median.

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

What is outside the disclosure

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

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Inside Liberty Federal Credit Union's filed lineup

Liberty Federal Credit Union has 4 agreements indexed on this site. Pricing across this issuer's filings is uniform at 1.99% — the rate table does not distinguish one of its cards from another.

The document itself

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

In short

1.99% places this filing at the inexpensive end of the set, which is the headline here. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.