Early CC disc

The Early CC disc filing from Numerica Credit Union sets out a purchase APR of 17.24%–17.9%, a $29 annual fee and a 18% penalty rate. Against the 4,587 filings on this site, that rate lands around the 24th percentile.

What the agreement puts on the record

This page covers the agreement Numerica Credit Union filed for Early CC disc. The filing runs one page, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line.

This document discloses several products inside a single rate table. That means the numbers below are the ones the table contains, not necessarily the ones attached to this particular card — the filing itself is the only way to tell them apart.

The purchase APR against the corpus

The purchase APR is quoted as a range of 17.24% to 17.9%. That 0.66-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Those two numbers occupy very different places in the corpus: roughly the 46th percentile at the bottom and the 24th at the top.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What a balance actually costs

Put $5,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $980.

A typical filing in this index would charge about $1,229 on that balance; this one is roughly $250 a year below it.

Per statement cycle that is on the order of $74.09 on $5,000, which is the number that actually shows up on a bill.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Paying in full

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.

What a missed payment costs

A penalty APR of 18% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 19th percentile.

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

Charges beyond interest

The annual fee is $29, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 80th percentile.

Taking cash against the card means a cash advance fee of $2 or 2% of the advance, whichever is greater and a cash advance APR of 17.9%. $100 is the crossover point where the percentage overtakes the $2 minimum.

The filing discloses a 17.24% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 2% — about $30 on $1,500 of purchases, independent of interest.

Against the rest of Numerica Credit Union's filings

There are 6 filings from Numerica Credit Union in this index.

What is outside the disclosure

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Reading the agreement yourself

The filed PDF is linked from this page and runs one page. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

17.9% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The $29 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.