Avenue credit card Current Credit Card Agreements

The Avenue credit card Current Credit Card Agreements filing from Comenity Bank sets out a 35.24% purchase APR and no annual fee. That purchase rate ranks near the 88th percentile across this corpus of 4,587 filings.

On the face of the filing

Avenue credit card Current Credit Card Agreements is one of the agreements Comenity Bank has on file with the CFPB. The filing runs 19 pages.

Terms captured from the document include a purchase rate, an annual fee line and a late payment maximum. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

How the purchase rate compares

35.24% puts the purchase APR near the 88th percentile across 2,280 agreements, so it is well above what most issuers disclosed.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

Translating the rate into money

At the disclosed purchase APR, $1,000 revolving for a full year costs something like $422 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $246. The gap — roughly $176 a year on $1,000 — is the price of this particular filing over a typical one.

Note the $3 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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.

Charges beyond interest

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.

The downside terms

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

The no-interest path

Where interest applies at all, the filing bills at least $3. On a tiny balance that floor can dwarf the rate itself.

The limits of this document

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

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Against the rest of Comenity Bank's filings

Comenity Bank has 45 agreements indexed on this site. The issuer's own range is 30.24%–35.99%. At 35.24%, this agreement is dearer than 6 of its siblings.

14 of the issuer's other 41 disclosing filings are likewise fee-free.

Reading the agreement yourself

Everything here is a reading of the filed agreement, 19 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The defining fact about this filing is the purchase rate: at 35.24% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.