Platinum Visa Disclosure

Texas Dow Employees Credit Union's filed agreement for Platinum Visa Disclosure discloses a purchase APR of 13.49%–17.99%, no annual fee, a 0% opening rate and a 17.99% penalty rate. Against the 4,587 filings on this site, that rate lands around the 28th percentile.

What the document actually states

Platinum Visa Disclosure is one of the agreements Texas Dow Employees Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs 12 pages.

On the record here: a purchase rate, a cash advance rate, a penalty rate, an annual fee line and a late payment maximum. It is silent on a balance transfer rate, a foreign transaction fee and a grace period.

What the promotional rate is worth

The filing discloses a 0% introductory rate, though it does not state how long the promotional period runs.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

Behind the promotion sits a 17.99% purchase rate. On $3,000 that is in the region of $591 a year once the window closes.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 13.49% to 17.99%, a spread of 4.5 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 25th percentile of filed purchase rates; the ceiling sits at about the 28th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

The cost of carrying a balance

The purchase rate turns a $2,500 revolving balance into roughly $493 of annual interest.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $122 cheaper for the same debt.

Broken down to a single thirty-day cycle, the same balance accrues roughly $37.23.

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

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.

Taking cash against the card means a cash advance APR of 13.49%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The downside terms

A penalty APR of 17.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 12th percentile.

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

The limits of this document

Absent from the captured terms: balance transfer terms, a foreign transaction fee and a grace period. The original document is the place to look for any of these.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Inside Texas Dow Employees Credit Union's filed lineup

There are 14 filings from Texas Dow Employees Credit Union in this index. The others all file the same 17.99% purchase rate. Whatever separates these products, it is not the cost of borrowing.

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 17.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.