Retail Charge Agreement E FL03 R

On the record for Retail Charge Agreement E FL03 R: a 18% purchase APR, filed by Preferred Credit. Against the 4,587 filings on this site, that rate lands around the 34th percentile.

On the face of the filing

Retail Charge Agreement E FL03 R is one of the agreements Preferred Credit has on file with the CFPB. The filing runs four pages.

The disclosure covers a purchase rate, a late payment maximum and a grace period. No figure appears for 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.

The purchase rate in context

At 18%, the purchase APR falls at roughly the 34th percentile of the 2,280 filings indexed here, which sits below the middle of the distribution.

What the rate means in dollars

The purchase rate turns a $1,500 revolving balance into roughly $296 of annual interest.

A typical filing in this index would charge about $369 on that balance; this one is roughly $73 a year 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.

The grace period

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

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

What a missed payment costs

$10 is the disclosed ceiling on a late payment fee, placing it near the 6th percentile of the set.

The issuer's other agreements

There are 124 filings from Preferred Credit in this index. The issuer's own range is 17.99%–21.99%. At 18%, this agreement is dearer than 53 of its siblings.

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.

Go to the source

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

In short

The pricing here is middling by the standards of the index — 18% on purchases is near enough to typical. Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.