PFCU Essentials VISA Disclosure

On the record for PFCU Essentials VISA Disclosure: a 12.5% purchase APR and no annual fee, filed by Pfcu. That purchase rate ranks near the 9th percentile across this corpus of 4,587 filings.

What this filing discloses

The document behind this page is Pfcu's filed agreement for PFCU Essentials VISA Disclosure. The filing runs four pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

How the purchase rate compares

12.5% puts the purchase APR near the 9th percentile across 2,280 agreements, so it is comfortably below what most issuers filed.

The arithmetic of revolving

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $133 in interest.

A typical filing in this index would charge about $246 on that balance; this one is roughly $113 a year below it.

Per statement cycle that is on the order of $10.33 on $1,000, which is the number that actually shows up on a bill.

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.

What the card costs before you borrow

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Grace period and minimum charge

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.

What a missed payment costs

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

Against the rest of Pfcu's filings

Pfcu has 6 agreements indexed on this site. Their disclosed purchase rates run from 13.5% to 15%, and this one at 12.5% is more expensive than 0 of them.

What the filing does not tell you

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

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 four pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The purchase rate of 12.5% is one of the cheaper figures in this index — the central point in the agreement's favour. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.