Classic Visa Agreement and Federal Truth In Lending Disclosure Tier 15

Classic Visa Agreement and Federal Truth In Lending Disclosure Tier 15 99, as filed by Los Angeles Police Federal Credit Union, carries a 15.99% 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 17th percentile.

What this filing discloses

This page covers the agreement Los Angeles Police Federal Credit Union filed for Classic Visa Agreement and Federal Truth In Lending Disclosure Tier 15 99. It is issued on the Visa network and the filing runs two pages.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

The promotional period

This agreement opens at 0% for six months, the only period in the document where carrying a balance is free.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

Once the introductory period ends the rate becomes 15.99%, which turns a lingering $5,000 balance into approximately $867 of annual interest.

The promotional window is therefore worth something on the order of $433 on $5,000, measured against the same balance priced at the standard rate for the same period.

How the purchase rate compares

15.99% puts the purchase APR near the 17th percentile across 2,280 agreements, so it falls in the low band of the corpus.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

What a balance actually costs

A $4,000 balance left untouched for twelve months accrues about $693 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $983 in a year — so this agreement comes in around $290 cheaper for the same debt.

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.

The grace period

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

The downside terms

On the fee side, a late payment can cost up to $15, which is around the 11th percentile here.

Fees, and what triggers them

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.

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 15.99%. The two halves of that fee cross at about $100: below it the flat $2 applies, above it the percentage does.

Transferred balances are priced at 15.99%; no separate transfer fee was captured from the filing.

Spending abroad costs an extra 1% — about $10 on $1,000 of purchases, independent of interest.

Inside Los Angeles Police Federal Credit Union's filed lineup

There are 11 filings from Los Angeles Police Federal Credit Union in this index. Their disclosed purchase rates run from 12.15% to 17.9%, and this one at 15.99% is more expensive than 4 of them.

The limits of this document

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

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

This summary stands or falls on the linked PDF — two pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 15.99% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. The absence of an annual fee means the rate is the only thing that can make this card expensive.