Pricing Addendum EE CA04 R

Preferred Credit's filed agreement for Pricing Addendum EE CA04 R discloses a 21.99% purchase APR. That purchase rate ranks near the 49th percentile across this corpus of 4,587 filings.

What the document actually states

The document behind this page is Preferred Credit's filed agreement for Pricing Addendum EE CA04 R. The filing runs one page.

On the record here: a purchase rate, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

Pricing the purchase rate

Ranked against the corpus, this purchase APR — 21.99% — sits at approximately the 49th percentile and lands near the median.

Translating the rate into money

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $369.

The corpus median of 21.99% produces practically the same bill, so on carrying cost this card is unremarkable.

Per statement cycle that is on the order of $27.35 on $1,500, which is the number that actually shows up on a bill.

Note the $0.50 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.

The no-interest path

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Penalty pricing and late fees

Late payments are capped at $15 under this filing, about the 11th percentile of late fee maximums in the corpus.

Inside Preferred Credit's filed lineup

124 separate Preferred Credit filings appear in the corpus. Their disclosed purchase rates run from 17.99% to 21.99%, and this one at 21.99% is more expensive than 84 of them.

What you cannot learn from the filing

Absent from the captured terms: anything about cash advances, balance transfer terms, an annual fee and a foreign transaction fee. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

The document itself

Everything here is a reading of the filed agreement, one page of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 21.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.