Visa effective 1 1 2025 Arbitration

On the record for Visa effective 1 1 2025 Arbitration: a 10.9% purchase APR and no annual fee, filed by S.C. State Federal Credit Union. That purchase rate ranks near the 6th percentile across this corpus of 4,587 filings.

On the face of the filing

S.C. State Federal Credit Union submitted the terms for Visa effective 1 1 2025 Arbitration to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs seven pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

The purchase APR against the corpus

Set beside the rest of the index, the purchase APR of 10.9% lands at the 6th percentile; it falls in the low band of the corpus.

The arithmetic of revolving

The purchase rate turns a $1,000 revolving balance into roughly $115 of annual interest.

The corpus median purchase rate is 21.99%, which on the same $1,000 would cost about $246 a year. This filing saves roughly $131 annually against that benchmark.

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

Fees, and what triggers them

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Taking cash against the card means a cash advance APR of 10.9%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 10.9% balance transfer rate without an accompanying fee figure.

Foreign transactions carry no fee. Only about 22% of the filings here that disclose a foreign transaction fee set it at zero, so this is a genuine point of difference.

The downside terms

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

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

What the filing does not tell you

The disclosure parsed here does not state 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

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

In short

At 10.9% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.