Power Rewards MasterCard Agreement and Disclosure

Power Rewards MasterCard Agreement and Disclosure, as filed by Security Service Federal Credit Union, carries a purchase APR of 17.5%–18%. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

On the face of the filing

The document behind this page is Security Service Federal Credit Union's filed agreement for Power Rewards MasterCard Agreement and Disclosure. It is issued on the Mastercard network and the filing runs six pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a foreign transaction fee. A penalty rate and an annual fee line are not stated.

Where the purchase APR sits

Purchases price between 17.5% and 18% under this filing. The 0.5-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Read against the index, the low end ranks around the 47th percentile and the high end around the 34th — the band straddles a wide stretch of the market this corpus describes.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What a balance actually costs

Put $1,200 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $237.

A typical filing in this index would charge about $295 on that balance; this one is roughly $58 a year below it.

Per statement cycle that is on the order of $17.88 on $1,200, which is the number that actually shows up on a bill.

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.

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.

What a missed payment costs

The maximum late fee is $25 — roughly the 32nd percentile of the late fee ceilings disclosed across this index.

The fee structure

For cash advances the filing discloses a cash advance APR of 17.5%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 8.9% balance transfer rate without an accompanying fee figure.

The filing sets a 1.1% foreign transaction fee, which adds roughly $17 to $1,500 spent outside the United States.

Against the rest of Security Service Federal Credit Union's filings

Security Service Federal Credit Union has 6 agreements indexed on this site. Their disclosed purchase rates run from 16.75% to 18%, and this one at 18% is more expensive than 1 of them.

What is outside the disclosure

Absent from the captured terms: an annual fee and penalty pricing. The original document is the place to look for any of these.

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.

Where the authority sits

This summary stands or falls on the linked PDF — six pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 18% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.