Pricing Addendum WI16 R

Preferred Credit's filed agreement for Pricing Addendum WI16 R discloses a 21.99% purchase APR. That purchase rate ranks near the 49th percentile across this corpus of 4,587 filings.

The disclosed terms

Preferred Credit submitted the terms for Pricing Addendum WI16 R to the CFPB's agreement database; this is what they contain. The filing runs one page.

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

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

The purchase rate in context

Measured against every other filing on the site, 21.99% is about the 49th percentile for purchase APR; it sits close to the middle of the corpus.

What a balance actually costs

The purchase rate turns a $3,000 revolving balance into roughly $738 of annual interest.

With the corpus median at 21.99%, the cost is effectively indistinguishable from the typical agreement here.

Per statement cycle that is on the order of $54.70 on $3,000, which is the number that actually shows up on a bill.

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.

What a missed payment costs

The maximum late fee is $20 — roughly the 17th percentile of the late fee ceilings disclosed across this index.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

The issuer's other agreements

There are 124 filings from Preferred Credit in this index. Across that lineup purchase rates span 17.99% to 21.99%; this filing's 21.99% sits above 84 of the comparable ones.

The limits of this document

The disclosure parsed here does not state anything about cash advances, balance transfer terms, an annual fee 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.

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.

Go to the source

The original filing, 1 page long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 21.99% on purchases is near enough to typical. All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.