06 03 2024 CC Account Opening Disclosure

Truwest Credit Union's filed agreement for 06 03 2024 CC Account Opening Disclosure discloses a purchase APR of 13.15%–14.1%, no annual fee and a 18-month 0% opening period. The purchase rate sits at roughly the 12th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

What follows is drawn entirely from Truwest Credit Union's CFPB filing for 06 03 2024 CC Account Opening Disclosure. The filing runs four pages, and It is issued on the Visa network.

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.

The filing bundles multiple products into one disclosure table. Any figure quoted here may describe a related card in the same filing, so the PDF should be read before treating these numbers as this card's own.

Zero percent, and then what

The filing discloses a 0% introductory rate running 18 months. For that window, balances covered by the promotion accrue no interest at all.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Once the introductory period ends the rate becomes 14.1%, which turns a lingering $2,000 balance into approximately $303 of annual interest.

The promotional window is therefore worth something on the order of $454 on $2,000, measured against the same balance priced at the standard rate for the same period.

How the purchase rate compares

The purchase APR is quoted as a range of 13.15% to 14.1%. That 0.95-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Read against the index, the low end ranks around the 23rd percentile and the high end around the 12th — the band straddles a wide stretch of the market this corpus describes.

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

The rate discussed in this section is the go-to rate — the one that applies once the promotional period described below has ended, not the promotional rate itself.

Translating the rate into money

A $4,000 balance left untouched for twelve months accrues about $606 in interest at this purchase rate.

A typical filing in this index would charge about $983 on that balance; this one is roughly $378 a year below it.

Month to month it reads as about $46.62 per cycle on that balance.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

What the card costs before you borrow

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 fee of 4% and a cash advance APR of 19.2%. That is 5.1 points above the purchase rate. 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.

Moving a balance onto this card carries an up-front charge of 3% of the amount transferred, with the transferred balance priced at 13.15%. Shifting $7,500 across attracts something like $225 in fees on day one.

Foreign transactions attract 1%. On $3,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

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

Default pricing

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

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, four pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 14.1% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost. The multi-product table is the larger caveat: these numbers are the table's, not necessarily this card's.