06 01 23 Consumer Credit Rate Disclosure

On the record for 06 01 23 Consumer Credit Rate Disclosure: a purchase APR of 15%–19.5%, no annual fee and a 2.99% introductory rate, filed by Onpoint Community Credit Union. The purchase rate sits at roughly the 41st percentile of the 4,587 agreements indexed here.

On the face of the filing

This page covers the agreement Onpoint Community Credit Union filed for 06 01 23 Consumer Credit Rate Disclosure. The filing runs two pages, and It is issued on the Visa network.

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 and a foreign transaction fee.

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 promotional period

The introductory rate is 2.99%, held for six months. It is a discount rather than a holiday — interest still accrues, just more slowly than the go-to rate.

Among the 763 filings here that disclose an introductory rate, 2.99% sits at about the 79th percentile.

What matters more than the promotion is the rate waiting behind it: 19.5%. A $1,000 balance that survives the promotional window costs roughly $215 a year from that point on.

How the purchase rate compares

Rather than a single purchase rate, the document gives a band — 15% at the bottom, 19.5% at the top, 4.5 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 34th percentile of filed purchase rates; the ceiling sits at about the 41st. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

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

The purchase rate turns a $1,500 revolving balance into roughly $323 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,500 would cost about $369 a year. This filing saves roughly $46 annually against that benchmark.

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.

Fees, and what triggers them

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Taking cash against the card means a cash advance APR of 3%.

Transferred balances are priced at 17%; no separate transfer fee was captured from the filing.

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.

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.

Inside Onpoint Community Credit Union's filed lineup

There are 27 filings from Onpoint Community Credit Union in this index. The issuer's own range is 10%–26.75%. At 19.5%, this agreement is dearer than 8 of its siblings.

What is outside the disclosure

The disclosure parsed here does not state a foreign transaction fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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 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

At 19.5% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.