Business Rate Sheet

Onpoint Community Credit Union's filed agreement for Business Rate Sheet 9 1 2022 discloses a purchase APR of 11.25%–21.75%. That purchase rate ranks near the 47th percentile across this corpus of 4,587 filings.

The disclosed terms

The document behind this page is Onpoint Community Credit Union's filed agreement for Business Rate Sheet 9 1 2022. It is issued on the Visa network and the filing runs one page.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a grace period. It is silent on a penalty rate, an annual fee line and a foreign transaction fee.

The purchase APR against the corpus

Rather than a single purchase rate, the document gives a band — 11.25% at the bottom, 21.75% at the top, 10.5 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Those two numbers occupy very different places in the corpus: roughly the 15th percentile at the bottom and the 47th at the top.

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 arithmetic of revolving

A $3,000 balance left untouched for twelve months accrues about $729 in interest at this purchase rate.

Measured against the 21.99% corpus median, the same $3,000 costs approximately $9 less per year here.

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.

Charges beyond interest

For cash advances the filing discloses a cash advance APR of 3%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The filing discloses a 13.25% balance transfer rate without an accompanying fee figure.

Default pricing

Late payments are capped at $20 under this filing, about the 17th percentile of late fee maximums in the corpus.

Paying in full

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.

Against the rest of Onpoint Community Credit Union's filings

27 separate Onpoint Community Credit Union filings appear in the corpus. Across that lineup purchase rates span 10% to 26.75%; this filing's 21.75% sits above 12 of the comparable ones.

The limits of this document

Absent from the captured terms: an annual fee, a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

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.

Go to the source

This summary stands or falls on the linked PDF — one page. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 21.75% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.