Retail Charge Agreement DC16 R

Preferred Credit's filed agreement for Retail Charge Agreement DC16 R discloses a 21.99% purchase APR. The purchase rate sits at roughly the 49th percentile of the 4,587 agreements indexed here.

What the document actually states

Preferred Credit filed this agreement for Retail Charge Agreement DC16 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. 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.

The purchase APR against the corpus

At 21.99%, the purchase APR falls at roughly the 49th percentile of the 2,280 filings indexed here, which lands near the median.

The cost of carrying a balance

A $4,000 balance left untouched for twelve months accrues about $983 in interest at this purchase rate.

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

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

Grace period and minimum charge

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.

Where interest applies at all, the filing bills at least $0.50. On a tiny balance that floor can dwarf the rate itself.

The downside terms

On the fee side, a late payment can cost up to $15, which is around the 11th percentile here.

How it sits in the issuer's own range

Preferred Credit has 124 agreements indexed on this site. Across that lineup purchase rates span 17.99% to 21.99%; this filing's 21.99% sits above 84 of the comparable ones.

What you cannot learn from the filing

This page cannot tell you anything about cash advances, balance transfer terms, an annual fee and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Go to the source

The filed PDF is linked from this page and runs five pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

21.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.