SECU Student Visa

The SECU Student Visa filing from State Employees Credit Union of Maryland sets out a 18.49% purchase APR and no annual fee. That purchase rate ranks near the 39th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

State Employees Credit Union of Maryland filed this agreement for SECU Student Visa with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs 12 pages.

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

Where the purchase APR sits

Ranked against the corpus, this purchase APR — 18.49% — sits at approximately the 39th percentile and undercuts the typical filing.

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.

Translating the rate into money

Carry $1,500 on this card for a year without paying it down and the purchase rate alone generates roughly $305 in interest.

Measured against the 21.99% corpus median, the same $1,500 costs approximately $64 less per year here.

Per statement cycle that is on the order of $22.96 on $1,500, 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.

Where the fees are

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.

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

The no-interest path

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

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

When a payment is late

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

How it sits in the issuer's own range

This is one of 9 State Employees Credit Union of Maryland agreements collected here. The issuer's own range is 18.24%–24%. At 18.49%, this agreement is dearer than 1 of its siblings.

What you cannot learn from the filing

Absent from the captured terms: balance transfer terms 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.

Reading the agreement yourself

This summary stands or falls on the linked PDF — 12 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 18.49% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.