Retail Charge Agreement E CA05 R

Retail Charge Agreement E CA05 R, as filed by Preferred Credit, carries a 21.99% purchase APR. That purchase rate ranks near the 49th percentile across this corpus of 4,587 filings.

On the face of the filing

What follows is drawn entirely from Preferred Credit's CFPB filing for Retail Charge Agreement E CA05 R. The filing runs five pages.

Terms captured from the document include 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.

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

Where the purchase APR sits

Measured against every other filing on the site, 21.99% is about the 49th percentile for purchase APR; it is unremarkable against the rest of the set.

The cost of carrying a balance

The purchase rate turns a $5,000 revolving balance into roughly $1,229 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%.

Month to month it reads as about $91.16 per cycle on that balance.

Small balances do not get a proportionally small bill — the agreement imposes a $0.50 minimum interest charge in any month where interest applies.

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

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 $0.50. On a tiny balance that floor can dwarf the rate itself.

Default pricing

The maximum late fee is $15 — roughly the 11th percentile of the late fee ceilings disclosed across this index.

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 21.99%, this agreement is dearer than 84 of its siblings.

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.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Go to the source

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

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.