Visa Sig Pricing Addendums

Proponent Federal Credit Union's filed agreement for Visa Sig Pricing Addendums discloses a 14.5% purchase APR. Against the 4,587 filings on this site, that rate lands around the 13th percentile.

The disclosed terms

Proponent Federal Credit Union submitted the terms for Visa Sig Pricing Addendums to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs eight pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a foreign transaction fee. No figure appears for a penalty rate and an annual fee line.

How the purchase rate compares

Ranked against the corpus, this purchase APR — 14.5% — sits at approximately the 13th percentile and sits well down in the cheaper fifth of the set.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

What a balance actually costs

At the disclosed purchase APR, $2,500 revolving for a full year costs something like $390 in interest.

The corpus median purchase rate is 21.99%, which on the same $2,500 would cost about $615 a year. This filing saves roughly $225 annually against that benchmark.

Per statement cycle that is on the order of $29.97 on $2,500, which is the number that actually shows up on a bill.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Penalty pricing and late fees

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

Charges beyond interest

Cash advances carry a cash advance APR of 14.5%. 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 14.5% balance transfer rate without an accompanying fee figure.

The foreign transaction fee is zero — a minority position in this corpus, where roughly 22% of disclosing filings waive it.

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.

The issuer's other agreements

There are 4 filings from Proponent Federal Credit Union in this index.

What is outside the disclosure

The disclosure parsed here does not state an annual 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 filed PDF is linked from this page and runs eight pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

14.5% places this filing at the inexpensive end of the set, which is the headline here.