Classic Visa Agreement and Federal Truth In Lending Disclosure Tier 13

The Classic Visa Agreement and Federal Truth In Lending Disclosure Tier 13 99 filing from Los Angeles Police Federal Credit Union sets out a 13.99% purchase APR, no annual fee and a six-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 12th percentile.

What the agreement puts on the record

Classic Visa Agreement and Federal Truth In Lending Disclosure Tier 13 99 is one of the agreements Los Angeles Police Federal Credit Union has on file with the CFPB. 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 balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

Zero percent, and then what

The filing discloses a 0% introductory rate running six months. For that window, balances covered by the promotion accrue no interest at all.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

What matters more than the promotion is the rate waiting behind it: 13.99%. A $1,000 balance that survives the promotional window costs roughly $150 a year from that point on.

Valued honestly, six months at zero on $1,000 avoids about $75 of interest compared with the go-to rate — the whole of what the promotion delivers.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 13.99% lands at the 12th percentile; it falls in the low band of the corpus.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

The cost of carrying a balance

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $150 in interest.

A typical filing in this index would charge about $246 on that balance; this one is roughly $96 a year below it.

Broken down to a single thirty-day cycle, the same balance accrues roughly $11.56.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Fees, and what triggers them

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.

For cash advances the filing discloses a cash advance fee of $2 or 2% of the advance, whichever is greater and a cash advance APR of 13.99%. The two halves of that fee cross at about $100: below it the flat $2 applies, above it the percentage does. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The filing discloses a 13.99% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 1% — about $50 on $5,000 of purchases, independent of interest.

Default pricing

$15 is the disclosed ceiling on a late payment fee, placing it near the 11th percentile of the set.

Paying in full

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.

How it sits in the issuer's own range

This is one of 11 Los Angeles Police Federal Credit Union agreements collected here. The issuer's own range is 12.15%–17.9%. At 13.99%, this agreement is dearer than 2 of its siblings.

The limits of this document

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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

The original filing, 2 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

At 13.99% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.