Victoria's Secret Credit Card Current Credit Card Agreements

Victoria's Secret Credit Card Current Credit Card Agreements, as filed by Comenity Bank, carries a 35.99% purchase APR, no annual fee and a 39.99% penalty rate. That purchase rate ranks near the 97th percentile across this corpus of 4,587 filings.

On the face of the filing

Comenity Bank submitted the terms for Victoria's Secret Credit Card Current Credit Card Agreements to the CFPB's agreement database; this is what they contain. The filing runs nine pages.

Terms captured from the document include a purchase rate, a penalty rate, an annual fee line, a late payment maximum and a grace period. A cash advance rate, a balance transfer rate and a foreign transaction fee are not stated.

The purchase APR against the corpus

Ranked against the corpus, this purchase APR — 35.99% — sits at approximately the 97th percentile and ranks among the most expensive figures in the whole collection.

The arithmetic of revolving

Put $5,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $2,165.

On a median-priced agreement from this index (21.99%) the same $5,000 would run about $1,229 a year, so this card costs in the region of $935 more annually for the identical balance.

There is also a floor: the filing sets a minimum interest charge of $3, so any cycle that accrues less than that is billed at $3 anyway.

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.

Grace period and minimum charge

The filing gives 21 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. With a corpus median of 25 days, this window is narrower than the norm.

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

The downside terms

If the account defaults, the filing permits a rate of 39.99%. Among disclosing agreements here that ranks near the 86th percentile.

A default therefore reprices the debt by 4 points: about $117 a year more on $2,000, for as long as the penalty rate stands.

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

The fee structure

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.

Inside Comenity Bank's filed lineup

45 separate Comenity Bank filings appear in the corpus. Across that lineup purchase rates span 30.24% to 35.99%; this filing's 35.99% sits above 7 of the comparable ones.

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

What the filing does not tell you

The disclosure parsed here does not state anything about cash advances, balance transfer terms and a foreign transaction fee. 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.

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.

Go to the source

The filed PDF is linked from this page and runs nine pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

This is an expensive agreement by the standards of the corpus, driven by a 35.99% purchase rate that is inert for a transactor and punishing for a revolver. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.