VP VE Combined Opening Disclosures 12

VP VE Combined Opening Disclosures 12 2024, as filed by Visions Federal Credit Union, carries a purchase APR of 15.25%–18% and no annual fee. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

On the face of the filing

Visions Federal Credit Union submitted the terms for VP VE Combined Opening Disclosures 12 2024 to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs ten pages.

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 purchase APR against the corpus

This is a tiered agreement: the filing discloses a purchase APR anywhere from 15.25% to 18%, a spread of 2.75 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Read against the index, the low end ranks around the 36th percentile and the high end around the 34th — 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 the rate means in dollars

Put $2,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $493.

A typical filing in this index would charge about $615 on that balance; this one is roughly $122 a year below it.

Month to month it reads as about $37.25 per cycle on that balance.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Paying in full

Purchases carry a 28-day grace period: pay the statement in full inside it and the purchase rate never applies. Against a corpus median of 25 days, this is a wider window than usual.

What a missed payment costs

The maximum late fee is $20 — roughly the 17th percentile of the late fee ceilings disclosed across this index.

Fees, and what triggers them

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.

Taking cash against the card means a cash advance APR of 15.25%. 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.

Transferred balances are priced at 15.25%; no separate transfer fee was captured from the filing.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

Inside Visions Federal Credit Union's filed lineup

This is one of 13 Visions Federal Credit Union agreements collected here. Every one of the others that discloses a purchase rate discloses the same 18%, so the issuer's filings are near-identical on pricing and the differences between its cards lie outside the rate table.

What the filing does not tell you

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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.

Where the authority sits

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

In short

18% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.