KingSize Platinum Credit Card Current Credit Card Agreements

The KingSize Platinum Credit Card Current Credit Card Agreements filing from Comenity Bank sets out a 35.99% purchase APR and a $35.88 annual fee. That purchase rate ranks near the 97th percentile across this corpus of 4,587 filings.

On the face of the filing

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

The disclosure covers a purchase rate, an annual fee line and a late payment maximum. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

How the purchase rate compares

Ranked against the corpus, this purchase APR — 35.99% — sits at approximately the 97th percentile and is at the extreme upper end of the corpus.

The cost of carrying a balance

A $4,000 balance left untouched for twelve months accrues about $1,732 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $4,000 would run about $983 a year, so this card costs in the region of $748 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $120.03.

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.

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.

What a missed payment costs

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

Fees, and what triggers them

$35.88 a year is the disclosed annual fee, which ranks near the 84th percentile of the fees filed across this corpus.

Inside Comenity Bank's filed lineup

This is one of 45 Comenity Bank agreements collected here. Across that lineup purchase rates span 30.24% to 35.99%; this filing's 35.99% sits above 7 of the comparable ones.

Its $35.88 annual fee is higher than 22 of the 41 sibling filings that state one.

What is outside the disclosure

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and a grace period. The original document is the place to look for any of these.

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.

The document itself

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

35.99% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index. Note that the $35.88 annual fee falls due whether the card is used or not. All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.