Credit Line Account Agreement and Federal Disclosure Statement Colorado

Credit Line Account Agreement and Federal Disclosure Statement Colorado, as filed by Meritrust Credit Union, carries a 21% penalty rate.

What this filing discloses

This page covers the agreement Meritrust Credit Union filed for Credit Line Account Agreement and Federal Disclosure Statement Colorado. It is issued on the Visa network and the filing runs five pages.

The filing is explicit about a penalty rate, a late payment maximum and a foreign transaction fee. A purchase rate, a cash advance rate and a balance transfer rate are not stated.

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

Charges beyond interest

For cash advances the filing discloses a cash advance fee of $5 or 2.5% of the advance, whichever is greater.

A balance transfer costs $5 or 2.5% of the amount transferred, whichever is greater up front. The filing does not separately state the rate applied to transferred balances. On $3,000 that fee is about $75 before any interest is charged.

Spending abroad costs an extra 1% — about $30 on $3,000 of purchases, independent of interest.

When a payment is late

If the account defaults, the filing permits a rate of 21%. Among disclosing agreements here that ranks near the 29th percentile.

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

What you cannot learn from the filing

Absent from the captured terms: a purchase rate, an annual fee and a grace period. The original document is the place to look for any of these.

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.

Go to the source

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

In short

Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.