Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Annual fee | $0 |
|---|---|
| Late payment fee | up to $25 |
| Foreign transaction fee | 1% |
| Grace period | 25 days |
| Minimum interest charge | $0 |
| Network | Visa |
Analysis
The Visa Platinum Application and Solicitation Disclosure filing from Sea Comm Federal Credit Union sets out no annual fee.
On the face of the filing
Visa Platinum Application and Solicitation Disclosure is one of the agreements Sea Comm Federal Credit Union has on file with the CFPB. The filing runs three pages, and It is issued on the Visa network.
On the record here: an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a purchase rate, a cash advance rate and a balance transfer rate.
The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.
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.
The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.
When a payment is late
$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.
Charges beyond interest
The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.
The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.
What is outside the disclosure
This page cannot tell you a purchase rate, anything about cash advances, balance transfer terms and penalty pricing, because the filing's disclosure table as read does not contain them.
What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.
Where the authority sits
Everything here is a reading of the filed agreement, three pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.
In short
Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.
The source document
This page is a reading of one document: the cardholder agreement Sea Comm Federal Credit Union filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Sea Comm Federal Credit Union, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Sea Comm Federal Credit Union
This is the only agreement from Sea Comm Federal Credit Union in the database with enough disclosed terms to publish. See the issuer's full filing list.
Where this card sits
Groups this agreement qualifies for, by its own disclosed terms:
Comparable cards from other issuers
Closest disclosed purchase APR among cards in the same groups.