1 1 26 Visa Prime Plus Disclosure

On the record for 1 1 26 Visa Prime Plus Disclosure: a 10.9% purchase APR and a 3.99% introductory rate, filed by Tinker Federal Credit Union. The purchase rate sits at roughly the 6th percentile of the 4,587 agreements indexed here.

What the document actually states

Tinker Federal Credit Union submitted the terms for 1 1 26 Visa Prime Plus Disclosure to the CFPB's agreement database; this is what they contain. The filing runs five pages, and It is issued on the Visa network.

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

The promotional period

For the first six months the filing sets a reduced rate of 3.99%. Balances still cost something during that window.

Among the 763 filings here that disclose an introductory rate, 3.99% sits at about the 85th percentile.

What matters more than the promotion is the rate waiting behind it: 10.9%. A $1,000 balance that survives the promotional window costs roughly $115 a year from that point on.

Where the purchase APR sits

At 10.9%, the purchase APR falls at roughly the 6th percentile of the 2,280 filings indexed here, which is comfortably below what most issuers filed.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

What a balance actually costs

At the disclosed purchase APR, $2,500 revolving for a full year costs something like $288 in interest.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $327 cheaper for the same debt.

Per statement cycle that is on the order of $22.49 on $2,500, 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.

Where the fees are

For cash advances the filing discloses a cash advance fee of 2.5% and a cash advance APR of 10.9%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

A balance transfer costs 2.5% of the amount transferred up front. The filing does not separately state the rate applied to transferred balances. On $1,000 that fee is about $25 before any interest is charged.

The filing sets a 1% foreign transaction fee, which adds roughly $10 to $1,000 spent outside the United States.

Penalty pricing and late fees

$22 is the disclosed ceiling on a late payment fee, placing it near the 19th percentile of the set.

Grace period and minimum charge

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 you cannot learn from the filing

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 issuer's other agreements

Tinker Federal Credit Union has 6 agreements indexed on this site. The issuer's own range is 12.25%–18%. At 10.9%, this agreement is dearer than 0 of its siblings.

Where the authority sits

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

In short

10.9% places this filing at the inexpensive end of the set, which is the headline here.