Retail Charge Agreement and Pricing Addendum EE FL04 R

Retail Charge Agreement and Pricing Addendum EE FL04 R, as filed by Preferred Credit, carries a 18% purchase APR. That purchase rate ranks near the 34th percentile across this corpus of 4,587 filings.

The disclosed terms

The document behind this page is Preferred Credit's filed agreement for Retail Charge Agreement and Pricing Addendum EE FL04 R. The filing runs six pages.

The disclosure covers a purchase rate, a late payment maximum and a grace period. It is silent on 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.

How the purchase rate compares

18% puts the purchase APR near the 34th percentile across 2,280 agreements, so it undercuts the typical filing.

What the rate means in dollars

A $3,000 balance left untouched for twelve months accrues about $591 in interest at this purchase rate.

A typical filing in this index would charge about $738 on that balance; this one is roughly $146 a year 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.

When a payment is late

On the fee side, a late payment can cost up to $25, which is around the 32nd percentile here.

The grace period

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

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.

Inside Preferred Credit's filed lineup

This is one of 124 Preferred Credit agreements collected here. The issuer's own range is 17.99%–21.99%. At 18%, this agreement is dearer than 53 of its siblings.

Where the authority sits

The original filing, 6 pages 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

18% 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.