Forever 21 Visa® Credit Card Current Credit Card Agreements

On the record for Forever 21 Visa® Credit Card Current Credit Card Agreements: a 35.99% purchase APR and a $3.50 annual fee, filed by Comenity Capital Bank. The purchase rate sits at roughly the 97th percentile of the 4,587 agreements indexed here.

What the agreement puts on the record

Forever 21 Visa® Credit Card Current Credit Card Agreements is one of the agreements Comenity Capital Bank has on file with the CFPB. It is issued on the Visa network and the filing runs 17 pages.

The filing is explicit about 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, a foreign transaction fee and a grace period.

The purchase rate in context

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 arithmetic of revolving

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.

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.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Charges beyond interest

The annual fee is $3.50, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 75th percentile.

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 35.99%. Advances under roughly $200 are charged the flat $10; larger ones are charged 5%.

Balance transfers cost 26.99% of the amount transferred up front and then accrue at 26.99%. Transferring $7,500 would cost roughly $2,024 at the door.

The grace period

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

Default pricing

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

How it sits in the issuer's own range

This is one of 100 Comenity Capital Bank agreements collected here. Their disclosed purchase rates run from 14.74% to 35.99%, and this one at 35.99% is more expensive than 47 of them.

The limits of this document

This page cannot tell you a foreign transaction fee, a grace period and penalty pricing, 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.

Reading the agreement yourself

The filed PDF is linked from this page and runs 17 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. Against that sits the $3.50 annual fee, which is unavoidable once the account is open.