Important Crdit Card Disclosures Reg Rate Eff

On the record for Important Crdit Card Disclosures Reg Rate Eff 01 24 25: a purchase APR of 12.15%–23.15% and no annual fee, filed by Technology Credit Union. The purchase rate sits at roughly the 54th percentile of the 4,587 agreements indexed here.

What the document actually states

What follows is drawn entirely from Technology Credit Union's CFPB filing for Important Crdit Card Disclosures Reg Rate Eff 01 24 25. The filing runs two pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

Where the purchase APR sits

This is a tiered agreement: the filing discloses a purchase APR anywhere from 12.15% to 23.15%, a spread of 11 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Read against the index, the low end ranks around the 18th percentile and the high end around the 54th — 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 the rate means in dollars

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $312 in interest.

A card priced at the corpus median of 21.99% would charge roughly $295 on that balance. This one charges about $17 more per year.

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.

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.

Cash advances carry a cash advance APR of 12.15%.

Transferred balances are priced at 12.15%; no separate transfer fee was captured from the filing.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

What a missed payment costs

On the fee side, a late payment can cost up to $10, which is around the 6th percentile here.

The no-interest path

21 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. The typical filing here allows 25 days, so this one is tighter than most.

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

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

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.

The document itself

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

In short

The pricing here is middling by the standards of the index — 23.15% on purchases is near enough to typical.