Pricing Addendum WI16 W

On the record for Pricing Addendum WI16 W: a 17.99% purchase APR, filed by Preferred Credit. That purchase rate ranks near the 28th percentile across this corpus of 4,587 filings.

What the document actually states

This page covers the agreement Preferred Credit filed for Pricing Addendum WI16 W. The filing runs one page.

On the record here: 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.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

Where the purchase APR sits

17.99% puts the purchase APR near the 28th percentile across 2,280 agreements, so it comes in under the midpoint of the corpus.

The arithmetic of revolving

At the disclosed purchase APR, $4,000 revolving for a full year costs something like $788 in interest.

Measured against the 21.99% corpus median, the same $4,000 costs approximately $195 less per year here.

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

Default pricing

Late payments are capped at $20 under this filing, about the 17th percentile of late fee maximums in the corpus.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. 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

This is one of 124 Preferred Credit agreements collected here. Their disclosed purchase rates run from 17.99% to 21.99%, and this one at 17.99% is more expensive than 0 of them.

What the filing does not tell you

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.

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

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

In short

17.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. 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.