Visa Rate And Fee Schedule (1)

Visa Rate And Fee Schedule (1), as filed by Robins Financial Credit Union, carries a purchase APR of 12.95%–18% and a 18% penalty rate. That purchase rate ranks near the 34th percentile across this corpus of 4,587 filings.

What the document actually states

What follows is drawn entirely from Robins Financial Credit Union's CFPB filing for Visa Rate And Fee Schedule (1). It is issued on the Visa network and the filing runs three pages.

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

The purchase rate in context

The purchase APR is quoted as a range of 12.95% to 18%. That 5.05-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Those two numbers occupy very different places in the corpus: roughly the 22nd percentile at the bottom and the 34th 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 cost of carrying a balance

Put $2,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $493.

The corpus median purchase rate is 21.99%, which on the same $2,500 would cost about $615 a year. This filing saves roughly $122 annually against that benchmark.

Per statement cycle that is on the order of $37.25 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.

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. That matches the 25-day median across the corpus almost exactly.

Default pricing

A penalty APR of 18% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 19th percentile.

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Fees, and what triggers them

For cash advances the filing discloses a cash advance fee of $5 or 1% of the advance, whichever is greater and a cash advance APR of 14.95%. $500 is the crossover point where the percentage overtakes the $5 minimum.

Transferred balances are priced at 12.95%; no separate transfer fee was captured from the filing.

The filing sets a 1% foreign transaction fee, which adds roughly $15 to $1,500 spent outside the United States.

The issuer's other agreements

Robins Financial Credit Union has 11 agreements indexed on this site. The issuer's own range is 12.95%–18%. At 18%, this agreement is dearer than 1 of its siblings.

What is outside the disclosure

This page cannot tell you an annual fee, because the filing's disclosure table as read does not contain it.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

The document itself

The filed PDF is linked from this page and runs three pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The pricing here is middling by the standards of the index — 18% on purchases is near enough to typical.