Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Annual fee | $0 |
|---|---|
| Late payment fee | up to $25 |
| Foreign transaction fee | None |
| Cash advance fee | None |
| Balance transfer fee | None |
| Grace period | 25 days |
| Minimum interest charge | $0 |
| Network | Visa |
Analysis
On the record for VISA Application Solicitation Disclosure 9 2024: no annual fee, filed by Magnolia Federal Credit Union.
The disclosed terms
The document behind this page is Magnolia Federal Credit Union's filed agreement for VISA Application Solicitation Disclosure 9 2024. It is issued on the Visa network and the filing runs two pages.
On the record here: an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. A purchase rate, a cash advance rate and a balance transfer rate are not stated.
These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.
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.
No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.
What a missed payment costs
$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.
The grace period
Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.
No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.
Inside Magnolia Federal Credit Union's filed lineup
There are 4 filings from Magnolia Federal Credit Union in this index. Their disclosed purchase rates run from 18% to 18%, though this particular filing does not state one in comparable form.
The limits of this document
Absent from the captured terms: a purchase rate and 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.
Go to the source
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
Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.
The source document
This page is a reading of one document: the cardholder agreement Magnolia Federal Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Magnolia Federal Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Magnolia Federal Credit Union
-
Account Opening Disclosure Platinum A
Agreement filed with the CFPB
- Purchase APR
- 18%
- Annual fee
- $0
- Foreign tx fee
- None
-
Account Opening Disclosure Platinum A+
Agreement filed with the CFPB
- Purchase APR
- 18%
- Annual fee
- $0
- Foreign tx fee
- None
-
VISA Application Solicitation Disclosure 9
Agreement filed with the CFPB
- Annual fee
- $0
- Foreign tx fee
- None
Where this card sits
Groups this agreement qualifies for, by its own disclosed terms:
Comparable cards from other issuers
Closest disclosed purchase APR among cards in the same groups.