Business Credit Card Rate Disclosure Balance Transfer

The 020123 Business Credit Card Rate Disclosure Balance Transfer filing from Onpoint Community Credit Union sets out a purchase APR of 13.25%–23.75% and a $30 annual fee. Against the 4,587 filings on this site, that rate lands around the 56th percentile.

On the face of the filing

020123 Business Credit Card Rate Disclosure Balance Transfer is one of the agreements Onpoint Community Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs two pages.

The disclosure covers 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.

Pricing the purchase rate

This is a tiered agreement: the filing discloses a purchase APR anywhere from 13.25% to 23.75%, a spread of 10.5 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 24th percentile of filed purchase rates; the ceiling sits at about the 56th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

The cost of carrying a balance

At the disclosed purchase APR, $1,500 revolving for a full year costs something like $402 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $369. The gap — roughly $33 a year on $1,500 — is the price of this particular filing over a typical one.

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.

The grace period

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

The downside terms

On the fee side, a late payment can cost up to $20, which is around the 17th percentile here.

Where the fees are

Holding the card costs $30 a year before any transaction takes place — about the 80th percentile among agreements in this index that state a fee.

Taking cash against the card means a cash advance APR of 3%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Transferred balances are priced at 15.25%; no separate transfer fee was captured from the filing.

The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.

The issuer's other agreements

27 separate Onpoint Community Credit Union filings appear in the corpus. Their disclosed purchase rates run from 10% to 26.75%, and this one at 23.75% is more expensive than 15 of them.

Its $30 annual fee is higher than 16 of the 16 sibling filings that state one.

What is outside the disclosure

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.

Where the authority sits

The original filing, 2 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 23.75% on purchases is near enough to typical. Against that sits the $30 annual fee, which is unavoidable once the account is open.