Credit Card Account Agreement and Disclosure

Wyhy Federal Credit Union filed this agreement for Credit Card Account Agreement and Disclosure.

What this filing discloses

Credit Card Account Agreement and Disclosure is one of the agreements Wyhy Federal Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs four pages.

On the record here: a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a purchase rate, a cash advance rate and a balance transfer rate.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

Grace period and minimum charge

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

The $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Default pricing

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

Where the fees are

Cash advances carry a cash advance fee of $10 or 3% of the advance, whichever is greater. The two halves of that fee cross at about $333: below it the flat $10 applies, above it the percentage does.

Transfers are charged 3% of the amount transferred, though no distinct transfer APR appears in the document. On $1,000 that fee is about $30 before any interest is charged.

The filing sets a 1% foreign transaction fee, which adds roughly $10 to $1,000 spent outside the United States.

The limits of this document

The disclosure parsed here does not state a purchase rate, an annual fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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

Everything here is a reading of the filed agreement, four pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.