Nuvision FCU Visa Initial Disclosures for

The Nuvision FCU Visa Initial Disclosures for 9 28 23 filing from Nuvision Federal Credit Union sets out a 17.99% purchase APR, no annual fee and a 3.99% introductory rate. The purchase rate sits at roughly the 28th percentile of the 4,587 agreements indexed here.

The disclosed terms

Nuvision FCU Visa Initial Disclosures for 9 28 23 is one of the agreements Nuvision Federal Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs three pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

One important caveat sits on top of everything else here: the rate table in this filing covers more than one product. Figures shown on this page may belong to a sibling card in the same table rather than to this one, and only the PDF can settle which row applies.

The introductory rate

An introductory rate of 3.99% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 3.99% sits at about the 85th percentile.

The go-to rate is 17.99%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $197 a year on $1,000.

Pricing the purchase rate

At 17.99%, the purchase APR falls at roughly the 28th percentile of the 2,280 filings indexed here, which sits below the middle of the distribution.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

Translating the rate into money

A $4,000 balance left untouched for twelve months accrues about $788 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 $195 cheaper for the same debt.

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.

When a payment is late

$37 is the disclosed ceiling on a late payment fee, placing it near the 59th percentile of the set.

Charges beyond interest

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Cash advances carry a cash advance fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 17.99%. Advances under roughly $333 are charged the flat $10; larger ones are charged 3%.

The transfer fee is $10 or 3% of the amount transferred, whichever is greater; transferred balances then run at 17.99%. On $5,000 that fee is about $150 before any interest is charged.

Foreign transactions attract 1%. On $5,000 of overseas spending that is $50, charged on top of whatever exchange rate applies.

Grace period and minimum charge

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The issuer's other agreements

This is one of 5 Nuvision Federal Credit Union agreements collected here. Their disclosed purchase rates run from 17.9% to 17.99%, and this one at 17.99% is more expensive than 1 of them.

What you cannot learn from the filing

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Go to the source

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

In short

The pricing here is middling by the standards of the index — 17.99% on purchases is near enough to typical. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.