Classic Truth in Lending Visa

The Classic Truth in Lending Visa 02012021 filing from Los Angeles Police Federal Credit Union sets out a 17.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 24th percentile.

On the face of the filing

Classic Truth in Lending Visa 02012021 is one of the agreements Los Angeles Police Federal Credit Union has on file with the CFPB. The filing runs 16 pages, and It is issued on the Visa network.

On the record here: a purchase rate and a foreign transaction fee. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

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.

The purchase APR against the corpus

Measured against every other filing on the site, 17.9% is about the 24th percentile for purchase APR; it is on the cheaper side of the median.

Translating the rate into money

The purchase rate turns a $2,000 revolving balance into roughly $392 of annual interest.

Priced at the median of 21.99%, that balance would generate about $492 in a year — so this agreement comes in around $100 cheaper for the same debt.

Month to month it reads as about $29.63 per cycle on that balance.

Small balances do not get a proportionally small bill — the agreement imposes a $0.50 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.

Fees, and what triggers them

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

The no-interest path

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

What the filing does not tell you

The disclosure parsed here does not state anything about cash advances, balance transfer terms, an annual fee and a grace period. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

Against the rest of Los Angeles Police Federal Credit Union's filings

There are 11 filings from Los Angeles Police Federal Credit Union in this index. The issuer's own range is 12.15%–17.9%. At 17.9%, this agreement is dearer than 6 of its siblings.

The document itself

This summary stands or falls on the linked PDF — 16 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 — 17.9% on purchases is near enough to typical. All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.