SECU Cash Back Visa

State Employees Credit Union of Maryland's filed agreement for SECU Cash Back Visa 012026 discloses a purchase APR of 15.99%–23.99%, no annual fee and a 12-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 57th percentile.

What the agreement puts on the record

SECU Cash Back Visa 012026 is one of the agreements State Employees Credit Union of Maryland has on file with the CFPB. It is issued on the Visa network and the filing runs 13 pages.

On the record here: a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

What the promotional rate is worth

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.

Behind the promotion sits a 23.99% purchase rate. On $2,500 that is in the region of $678 a year once the window closes.

Put the other way round, the 12-month zero rate is worth roughly $678 on a $2,500 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

Where the purchase APR sits

Rather than a single purchase rate, the document gives a band — 15.99% at the bottom, 23.99% at the top, 8 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Read against the index, the low end ranks around the 39th percentile and the high end around the 57th — the band straddles a wide stretch of the market this corpus describes.

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 arithmetic of revolving

Put $2,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $678.

Against the corpus median of 21.99%, that is approximately $63 a year of extra interest on the same $2,500.

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.

Where the fees are

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 foreign transaction fee is zero — a minority position in this corpus, where roughly 22% of disclosing filings waive it.

Default pricing

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

Paying in full

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.

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

What you cannot learn from the filing

The disclosure parsed here does not state balance transfer terms and 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.

Inside State Employees Credit Union of Maryland's filed lineup

State Employees Credit Union of Maryland has 9 agreements indexed on this site. Their disclosed purchase rates run from 18.24% to 24%, and this one at 23.99% is more expensive than 4 of them.

Go to the source

Everything here is a reading of the filed agreement, 13 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

23.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.