New York Yankees Mastercard® Credit Card Current Credit Card Agreements

The New York Yankees Mastercard┬« Credit Card Current Credit Card Agreements filing from Comenity Bank sets out a purchase APR of 18.24%–32.24% and no annual fee. That purchase rate ranks near the 76th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

Comenity Bank filed this agreement for New York Yankees Mastercard® Credit Card Current Credit Card Agreements with the Consumer Financial Protection Bureau. The filing runs 15 pages, and It is issued on the Mastercard network.

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

How the purchase rate compares

The purchase APR is quoted as a range of 18.24% to 32.24%. That 14-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Read against the index, the low end ranks around the 57th percentile and the high end around the 76th — 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.

The arithmetic of revolving

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $570.

A card priced at the corpus median of 21.99% would charge roughly $369 on that balance. This one charges about $202 more per year.

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

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

What the card costs before you borrow

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 fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 33.24%. Cash is therefore 1 points dearer than buying something with the card. $200 is the crossover point where the percentage overtakes the $10 minimum. 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.

The transfer fee is 32.24% of the amount transferred; transferred balances then run at 18.24%. On $2,000 that fee is about $645 before any interest is charged.

Foreign transactions attract 3%. On $1,500 of overseas spending that is $45, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The downside terms

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

Grace period and minimum charge

A minimum interest charge of $3 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

Against the rest of Comenity Bank's filings

There are 45 filings from Comenity Bank in this index. Across that lineup purchase rates span 30.24% to 35.99%; this filing's 32.24% sits above 3 of the comparable ones.

On fees, 14 of the 41 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What you cannot learn from the filing

Absent from the captured terms: a grace period and penalty pricing. 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.

Reading the agreement yourself

The original filing, 15 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

32.24% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.