Visa Platinum Credit Card Disclosure

Members First Credit Union Dba Members First Investment Services's filed agreement for Visa Platinum Credit Card Disclosure discloses a 9.59% purchase APR and a 6.9% introductory rate. Against the 4,587 filings on this site, that rate lands around the 4th percentile.

What the agreement puts on the record

The document behind this page is Members First Credit Union Dba Members First Investment Services's filed agreement for Visa Platinum Credit Card Disclosure. The filing runs three 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, a late payment maximum and a foreign transaction fee. It is silent on a penalty rate and an annual fee line.

What the promotional rate is worth

For the first 12 months the filing sets a reduced rate of 6.9%. Balances still cost something during that window.

Among the 763 filings here that disclose an introductory rate, 6.9% sits at about the 90th percentile.

Once the introductory period ends the rate becomes 9.59%, which turns a lingering $2,000 balance into approximately $201 of annual interest.

The purchase rate in context

9.59% puts the purchase APR near the 4th percentile across 2,280 agreements, so it is among the very cheapest figures in the whole set.

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

What a balance actually costs

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $151.

The corpus median purchase rate is 21.99%, which on the same $1,500 would cost about $369 a year. This filing saves roughly $218 annually against that benchmark.

Month to month it reads as about $11.87 per cycle on that balance.

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.

What the card costs before you borrow

For cash advances the filing discloses a cash advance APR of 9.59%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 9.59% balance transfer rate without an accompanying fee figure.

Foreign transactions attract 1%. On $3,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

Penalty pricing and late fees

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The no-interest path

Anyone clearing the statement balance inside 21 days pays no purchase interest at all under this filing. With a corpus median of 25 days, this window is narrower than the norm.

The limits of this document

This page cannot tell you an annual fee and penalty pricing, because the filing's disclosure table as read does not contain them.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

The issuer's other agreements

This is one of 6 Members First Credit Union Dba Members First Investment Services agreements collected here. Their disclosed purchase rates run from 7.75% to 10.9%, and this one at 9.59% is more expensive than 1 of them.

Reading the agreement yourself

Everything here is a reading of the filed agreement, three pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 9.59% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.