Retail Charge Agreement CA27 R

Preferred Credit's filed agreement for Retail Charge Agreement CA27 R discloses a 21.99% purchase APR. Against the 4,587 filings on this site, that rate lands around the 49th percentile.

What this filing discloses

Preferred Credit filed this agreement for Retail Charge Agreement CA27 R with the Consumer Financial Protection Bureau. The filing runs five pages.

On the record here: 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.

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

How the purchase rate compares

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 $1,200 revolving balance into roughly $295 of annual interest.

That is almost exactly what a median-priced filing in this index would charge on the same balance, since the corpus median sits at 21.99%.

Note the $0.50 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Paying in full

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.

A minimum interest charge of $0.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

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.

Against the rest of Preferred Credit's filings

Preferred Credit has 124 agreements indexed on this site. Their disclosed purchase rates run from 17.99% to 21.99%, and this one at 21.99% is more expensive than 84 of them.

The limits of this document

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.

Where the authority sits

The original filing, 5 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

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. 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.