pricing addendum for cpfb filing

The pricing addendum for cpfb filing filing from Peopleschoice Credit Union sets out a 13.9% purchase APR and a 2.99% introductory rate. The purchase rate sits at roughly the 12th percentile of the 4,587 agreements indexed here.

What the document actually states

Peopleschoice Credit Union submitted the terms for pricing addendum for cpfb filing to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs one page.

Terms captured from the document include a purchase rate, a cash advance rate and a balance transfer rate. A penalty rate, an annual fee line and a late payment maximum are not stated.

What the promotional rate is worth

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.

Behind the promotion sits a 13.9% purchase rate. On $5,000 that is in the region of $745 a year once the window closes.

Where the purchase APR sits

Measured against every other filing on the site, 13.9% is about the 12th percentile for purchase APR; it reads as inexpensive against the rest of the filings.

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.

What a balance actually costs

The purchase rate turns a $2,000 revolving balance into roughly $298 of annual interest.

Measured against the 21.99% corpus median, the same $2,000 costs approximately $194 less per year here.

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.

Charges beyond interest

Taking cash against the card means a cash advance APR of 13.9%. 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 2.99% balance transfer rate without an accompanying fee figure.

Against the rest of Peopleschoice Credit Union's filings

There are 8 filings from Peopleschoice Credit Union in this index. The others all file the same 13.9% purchase rate. Whatever separates these products, it is not the cost of borrowing.

What you cannot learn from the filing

The disclosure parsed here does not state an annual fee, a foreign transaction fee, a grace period 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.

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

Everything here is a reading of the filed agreement, one page of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

13.9% places this filing at the inexpensive end of the set, which is the headline here.