Visa Platinum Card Terms and Conditions

Union Bank & Trust's filed agreement for Visa Platinum Card Terms and Conditions discloses a purchase APR of 10.24%–21.24%, no annual fee and a 12-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 46th percentile.

What the agreement puts on the record

Union Bank & Trust submitted the terms for Visa Platinum Card Terms and Conditions to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs three pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate and a grace period.

The promotional period

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

Behind the promotion sits a 21.24% purchase rate. On $3,000 that is in the region of $710 a year once the window closes.

Put the other way round, the 12-month zero rate is worth roughly $710 on a $3,000 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

Pricing the purchase rate

Purchases price between 10.24% and 21.24% under this filing. The 11-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 12th percentile of filed purchase rates; the ceiling sits at about the 46th. 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.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

The arithmetic of revolving

The purchase rate turns a $3,000 revolving balance into roughly $710 of annual interest.

Measured against the 21.99% corpus median, the same $3,000 costs approximately $28 less per year here.

Broken down to a single thirty-day cycle, the same balance accrues roughly $52.82.

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.

The no-interest path

The $2 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Default pricing

$37 is the disclosed ceiling on a late payment fee, placing it near the 59th percentile of the set.

What the card costs before you borrow

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

For cash advances the filing discloses a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 24.24%. That is 3 points above the purchase rate. $167 is the crossover point where the percentage overtakes the $5 minimum. 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.

The transfer fee is $5 or 3% of the amount transferred, whichever is greater; transferred balances then run at 10.24%. Shifting $5,000 across attracts something like $150 in fees on day one.

The filing sets a 3% foreign transaction fee, which adds roughly $60 to $2,000 spent outside the United States.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The issuer's other agreements

There are 7 filings from Union Bank & Trust in this index. Across that lineup purchase rates span 21.24% to 23.24%; this filing's 21.24% sits above 0 of the comparable ones.

3 of the issuer's other 6 disclosing filings are likewise fee-free.

What is outside the disclosure

Absent from the captured terms: a grace period and penalty pricing. The original document is the place to look for any of these.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Go to the source

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

In short

The pricing here is middling by the standards of the index — 21.24% on purchases is near enough to typical.