1 1 26 Visa Business Disclosure

On the record for 1 1 26 Visa Business Disclosure: a purchase APR of 14.5%–18% and no annual fee, filed by Tinker Federal Credit Union. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

1 1 26 Visa Business Disclosure is one of the agreements Tinker Federal Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs five pages.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

Pricing the purchase rate

The purchase APR is quoted as a range of 14.5% to 18%. That 3.5-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 30th percentile of filed purchase rates; the ceiling sits at about the 34th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

What a balance actually costs

Put $1,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $197.

Measured against the 21.99% corpus median, the same $1,000 costs approximately $49 less per year here.

Per statement cycle that is on the order of $14.90 on $1,000, 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.

What the card costs before you borrow

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Taking cash against the card means a cash advance fee of 2% and a cash advance APR of 16.5%. 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.

Balance transfers cost 2.5% of the amount transferred up front and then accrue at 16.5%. Transferring $7,500 would cost roughly $188 at the door.

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

The grace period

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

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

Default pricing

The maximum late fee is $22 — roughly the 19th percentile of the late fee ceilings disclosed across this index.

The issuer's other agreements

Tinker Federal Credit Union has 6 agreements indexed on this site. Their disclosed purchase rates run from 10.9% to 14.5%, and this one at 18% is more expensive than 3 of them.

What is outside the disclosure

Absent from the captured terms: penalty pricing. 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.

Go to the source

The original filing, 5 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

At 18% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.