Visa Platinum Low Rate Credit Card Disclosure

On the record for 00029 Visa Platinum Low Rate Credit Card Disclosure: a purchase APR of 13.24%–18%, no annual fee, a 12-month 0% opening period and a 18% penalty rate, filed by SAFE Federal Credit Union. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

What the document actually states

SAFE Federal Credit Union submitted the terms for 00029 Visa Platinum Low Rate Credit Card Disclosure to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs 12 pages.

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

The interest-free window

The filing discloses a 0% introductory rate running 12 months. For that window, balances covered by the promotion accrue no interest at all.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Once the introductory period ends the rate becomes 18%, which turns a lingering $5,000 balance into approximately $986 of annual interest.

Valued honestly, 12 months at zero on $5,000 avoids about $986 of interest compared with the go-to rate — the whole of what the promotion delivers.

Where the purchase APR sits

Rather than a single purchase rate, the document gives a band — 13.24% at the bottom, 18% at the top, 4.76 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 24th percentile of filed purchase rates; the ceiling sits at about the 34th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

What a balance actually costs

At the disclosed purchase APR, $1,200 revolving for a full year costs something like $237 in interest.

Measured against the 21.99% corpus median, the same $1,200 costs approximately $58 less per year here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $17.88.

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.

The fee structure

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 13.24%. 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.

Foreign transactions attract 1%. On $3,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

The no-interest path

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.

When a payment is late

The agreement discloses penalty pricing of 18% — about the 19th percentile of the 794 penalty rates recorded across this index.

On the fee side, a late payment can cost up to $38, which is around the 60th percentile here.

How it sits in the issuer's own range

This is one of 4 SAFE Federal Credit Union agreements collected here. The others all file the same 18% purchase rate. Whatever separates these products, it is not the cost of borrowing.

The limits of this document

Absent from the captured terms: balance transfer terms. The original document is the place to look for any of these.

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.

Reading the agreement yourself

The original filing, 12 pages 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

18% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.