Visa Rates, Fees, and Terms

On the record for Visa Rates, Fees, and Terms: a purchase APR of 8.9%–13.9%, a 13.9% introductory rate and a 18% penalty rate, filed by Provident Credit Union. That purchase rate ranks near the 12th percentile across this corpus of 4,587 filings.

The disclosed terms

Provident Credit Union filed this agreement for Visa Rates, Fees, and Terms with the Consumer Financial Protection Bureau. The filing runs one page, and It is issued on the Visa network.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and a grace period. It is silent on an annual fee line, a late payment maximum and a foreign transaction fee.

The introductory rate

An introductory rate of 13.9% appears without a disclosed duration.

Among the 763 filings here that disclose an introductory rate, 13.9% sits at about the 93rd percentile.

What matters more than the promotion is the rate waiting behind it: 13.9%. A $3,000 balance that survives the promotional window costs roughly $447 a year from that point on.

The purchase APR against the corpus

This is a tiered agreement: the filing discloses a purchase APR anywhere from 8.9% to 13.9%, a spread of 5 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Read against the index, the low end ranks around the 6th percentile and the high end around the 12th — the band straddles a wide stretch of the market this corpus describes.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

The cost of carrying a balance

Carry $1,500 on this card for a year without paying it down and the purchase rate alone generates roughly $224 in interest.

Priced at the median of 21.99%, that balance would generate about $369 in a year — so this agreement comes in around $145 cheaper for the same debt.

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.

The fee structure

Cash advances carry a cash advance APR of 12.9%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Transferred balances are priced at 10.9%; no separate transfer fee was captured from the filing.

The downside terms

If the account defaults, the filing permits a rate of 18%. Among disclosing agreements here that ranks near the 19th percentile.

A default therefore reprices the debt by 4.1 points: about $144 a year more on $3,000, for as long as the penalty rate stands.

Grace period and minimum charge

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

The issuer's other agreements

9 separate Provident Credit Union filings appear in the corpus. Every one of the others that discloses a purchase rate discloses the same 14.9%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

What the filing does not tell you

This page cannot tell you an annual fee and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

The original filing, 1 page 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

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