VantageMC Revision

On the record for DUNS077145902 VantageMC Revision 093022: a purchase APR of 11.99%–18.99% and a 29.74% penalty rate, filed by Vantage Credit Union. The purchase rate sits at roughly the 40th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

Vantage Credit Union filed this agreement for DUNS077145902 VantageMC Revision 093022 with the Consumer Financial Protection Bureau. The filing runs six pages, and It is issued on the Mastercard network.

The filing is explicit about a purchase rate, a penalty rate, a late payment maximum and a foreign transaction fee. No figure appears for a cash advance rate, a balance transfer rate and an annual fee line.

How the purchase rate compares

Purchases price between 11.99% and 18.99% under this filing. The 7-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Read against the index, the low end ranks around the 17th percentile and the high end around the 40th — 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.

What a balance actually costs

Put $5,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,045.

The corpus median purchase rate is 21.99%, which on the same $5,000 would cost about $1,229 a year. This filing saves roughly $184 annually against that benchmark.

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.

Fees, and what triggers them

Spending abroad costs an extra 1% — about $20 on $2,000 of purchases, independent of interest.

When a payment is late

The agreement discloses penalty pricing of 29.74% — about the 55th percentile of the 794 penalty rates recorded across this index.

Measured in money, moving from 18.99% to 29.74% costs an extra $411 or so annually on $3,000 — a far larger number than any single late fee.

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The issuer's other agreements

This is one of 19 Vantage Credit Union agreements collected here. Their disclosed purchase rates run from 17.49% to 22.74%, and this one at 18.99% is more expensive than 4 of them.

What the filing does not tell you

This page cannot tell you anything about cash advances, balance transfer terms, an annual fee and a grace period, because the filing's disclosure table as read does not contain them.

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.

Go to the source

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

In short

18.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.