saved Credit Card Account Opening Disclosure (MXC20 P 1) (1)

On the record for saved Credit Card Account Opening Disclosure (MXC20 P 1) (1): a 12.25% purchase APR, filed by Tidemark Federal Credit Union. That purchase rate ranks near the 8th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

Tidemark Federal Credit Union filed this agreement for saved Credit Card Account Opening Disclosure (MXC20 P 1) (1) with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs two pages.

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

Where the purchase APR sits

At 12.25%, the purchase APR falls at roughly the 8th percentile of the 2,280 filings indexed here, which falls in the low band of the corpus.

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

Put $3,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $391.

A typical filing in this index would charge about $738 on that balance; this one is roughly $347 a year below it.

Per statement cycle that is on the order of $30.35 on $3,000, which is the number that actually shows up on a bill.

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

What the card costs before you borrow

Taking cash against the card means a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 12.25%. Advances under roughly $167 are charged the flat $5; larger ones are charged 3%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 12.25% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 1% — about $10 on $1,000 of purchases, independent of interest.

Default pricing

On the fee side, a late payment can cost up to $15, which is around the 11th percentile here.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

What is outside the disclosure

Absent from the captured terms: an annual fee 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.

The document itself

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

In short

At 12.25% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.