VT Platinum CC Agreement and Acct Opening Disclosure 3 3 23 for CFPB

The VT Platinum CC Agreement and Acct Opening Disclosure 3 3 23 for CFPB filing from Vsecu, a Division of New England Federal Credit Union sets out a 18% purchase APR and no annual fee. The purchase rate sits at roughly the 34th percentile of the 4,587 agreements indexed here.

On the face of the filing

VT Platinum CC Agreement and Acct Opening Disclosure 3 3 23 for CFPB is one of the agreements Vsecu, a Division of New England Federal Credit Union has on file with the CFPB. The filing runs seven pages, and It is issued on the Visa network.

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

Note that the purchase APR row in this table carries no explicit label in the filing, which introduces some ambiguity about what it covers.

The purchase rate in context

18% puts the purchase APR near the 34th percentile across 2,280 agreements, so it is on the cheaper side of the median.

The arithmetic of revolving

Put $2,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $394.

Priced at the median of 21.99%, that balance would generate about $492 in a year — so this agreement comes in around $97 cheaper for the same debt.

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.

When a payment is late

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

Fees, and what triggers them

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Spending abroad costs an extra 1% — about $50 on $5,000 of purchases, independent of interest.

The no-interest path

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

Inside Vsecu, a Division of New England Federal Credit Union's filed lineup

Vsecu, a Division of New England Federal Credit Union has 3 agreements indexed on this site.

What the filing does not tell you

Absent from the captured terms: 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

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

In short

At 18% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The absence of an annual fee means the rate is the only thing that can make this card expensive.