University Bank VISA Credit Card Agreement and Disclosures December

On the record for University Bank VISA Credit Card Agreement and Disclosures December 2024: a purchase APR of 10.5%–18.5% and no annual fee, filed by University Bank. The purchase rate sits at roughly the 39th percentile of the 4,587 agreements indexed here.

What this filing discloses

University Bank filed this agreement for University Bank VISA Credit Card Agreement and Disclosures December 2024 with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs four pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. A penalty rate and a foreign transaction fee are not stated.

The purchase rate in context

The purchase APR is quoted as a range of 10.5% to 18.5%. That 8-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 12th percentile of filed purchase rates; the ceiling sits at about the 39th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

The cost of carrying a balance

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $305.

Priced at the median of 21.99%, that balance would generate about $369 in a year — so this agreement comes in around $64 cheaper for the same debt.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

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.

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

What a missed payment costs

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

Fees, and what triggers them

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 $0 or 0% of the advance, whichever is greater and a cash advance APR of 10.5%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Balance transfers cost $5 or 4% of the amount transferred, whichever is greater up front and then accrue at 10.5%. Transferring $3,000 would cost roughly $120 at the door.

What you cannot learn from the filing

This page cannot tell you a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

This summary stands or falls on the linked PDF — four pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

18.5% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.