Ulta Beauty Rewards® Mastercard® Credit Card Current Credit Card Agreements

Comenity Capital Bank's filed agreement for Ulta Beauty Rewards┬« Mastercard┬« Credit Card Current Credit Card Agreements discloses a purchase APR of 23.34%–32.25% and no annual fee. That purchase rate ranks near the 77th percentile across this corpus of 4,587 filings.

On the face of the filing

Ulta Beauty Rewards® Mastercard® 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 Mastercard network and the filing runs 17 pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate and a grace period.

How the purchase rate compares

Rather than a single purchase rate, the document gives a band — 23.34% at the bottom, 32.25% at the top, 8.91 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 68th percentile of filed purchase rates; the ceiling sits at about the 77th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What a balance actually costs

Put $3,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,141.

Against the corpus median of 21.99%, that is approximately $404 a year of extra interest on the same $3,000.

Small balances do not get a proportionally small bill — the agreement imposes a $3 minimum interest charge in any month where interest applies.

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 no-interest path

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

Penalty pricing and late fees

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

The fee structure

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 33.25% and a cash advance APR of 33.25%. The premium over purchases is 1 percentage points.

Moving a balance onto this card carries an up-front charge of $10 or 5% of the amount transferred, whichever is greater, with the transferred balance priced at 23.34%. On $7,500 that fee is about $375 before any interest is charged.

Foreign transactions attract 5%. On $1,000 of overseas spending that is $50, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 99th percentile of disclosed foreign transaction fees.

Against the rest of Comenity Capital Bank's filings

There are 100 filings from Comenity Capital Bank in this index. Their disclosed purchase rates run from 14.74% to 35.99%, and this one at 32.25% is more expensive than 15 of them.

What the filing does not tell you

This page cannot tell you 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.

Go to the source

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

At 32.25% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.