Saks World Elite Mastercard® Credit Card or Saks Credit Card Current Credit Card Agreements

The Saks World Elite Mastercard® Credit Card or Saks Credit Card Current Credit Card Agreements filing from Comenity Capital Bank sets out a 31.99% purchase APR and a $2.99 annual fee. Against the 4,587 filings on this site, that rate lands around the 76th percentile.

What the agreement puts on the record

Comenity Capital Bank filed this agreement for Saks World Elite Mastercard® Credit Card or Saks Credit Card Current Credit Card Agreements with the Consumer Financial Protection Bureau. It is issued on the Mastercard network and the filing runs 27 pages.

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, a foreign transaction fee and a grace period.

Where the purchase APR sits

31.99% puts the purchase APR near the 76th percentile across 2,280 agreements, so it is dearer than the typical filing.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The arithmetic of revolving

A $1,500 balance left untouched for twelve months accrues about $565 in interest at this purchase rate.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $369. The gap — roughly $196 a year on $1,500 — is the price of this particular filing over a typical one.

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.

The fee structure

Holding the card costs $2.99 a year before any transaction takes place — about the 75th percentile among agreements in this index that state a fee.

Expressed in the card's own terms, the $2.99 fee equals about a year's interest on a $9 balance at the disclosed 31.99% purchase rate.

For cash advances the filing discloses a cash advance fee of 32.99% and a cash advance APR of 32.99%. That is 1 points above the purchase rate. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Moving a balance onto this card carries an up-front charge of 31.99% of the amount transferred, with the transferred balance priced at 31.99%. On $7,500 that fee is about $2,399 before any interest is charged.

When a payment is late

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

There are 100 filings from Comenity Capital Bank in this index. The issuer's own range is 14.74%–35.99%. At 31.99%, this agreement is dearer than 12 of its siblings.

Among the issuer's other filings that disclose a fee, 35 of 89 come in below this card's $2.99.

What is outside the disclosure

Absent from the captured terms: a foreign transaction fee, 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.

Go to the source

This summary stands or falls on the linked PDF — 27 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

31.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Note that the $2.99 annual fee falls due whether the card is used or not.