Solicitation Notice 1 1 2025 non fillable

On the record for Solicitation Notice 1 1 2025 non fillable: a 12.4% purchase APR, no annual fee and a 12-month 0% opening period, filed by Summit Credit Union. The purchase rate sits at roughly the 9th percentile of the 4,587 agreements indexed here.

What this filing discloses

The document behind this page is Summit Credit Union's filed agreement for Solicitation Notice 1 1 2025 non fillable. It is issued on the Visa network and the filing runs three pages.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. A penalty rate is not stated.

One important caveat sits on top of everything else here: the rate table in this filing covers more than one product. Figures shown on this page may belong to a sibling card in the same table rather than to this one, and only the PDF can settle which row applies.

The promotional period

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

What matters more than the promotion is the rate waiting behind it: 12.4%. A $2,000 balance that survives the promotional window costs roughly $264 a year from that point on.

Valued honestly, 12 months at zero on $2,000 avoids about $264 of interest compared with the go-to rate — the whole of what the promotion delivers.

The purchase APR against the corpus

The purchase APR of 12.4% places this agreement around the 9th percentile of the set — it falls in the low band of the corpus.

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 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

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $330 in interest.

The corpus median purchase rate is 21.99%, which on the same $2,500 would cost about $615 a year. This filing saves roughly $285 annually against that benchmark.

Month to month it reads as about $25.61 per cycle on that balance.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Paying in full

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 downside terms

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

Fees, and what triggers them

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.

For cash advances the filing discloses a cash advance fee of $3 and a cash advance APR of 12.4%. 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.

Moving a balance onto this card carries an up-front charge of $10 or 3% of the amount transferred, whichever is greater, with the transferred balance priced at 12.4%. Shifting $3,000 across attracts something like $90 in fees on day one.

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

Against the rest of Summit Credit Union's filings

Summit Credit Union has 44 agreements indexed on this site. Across that lineup purchase rates span 12.4% to 20.9%; this filing's 12.4% sits above 0 of the comparable ones.

What the filing does not tell you

The disclosure parsed here does not state 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.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Go to the source

The filed PDF is linked from this page and runs three pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The purchase rate of 12.4% is one of the cheaper figures in this index — the central point in the agreement's favour. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing. And because the filing covers several products in one table, even the figures that are right may belong to a different card.