Retail Instalment Credit Agreement/ Security Agreement Ny20-W

Preferred Credit's filed agreement for Retail Instalment Credit Agreement/ Security Agreement Ny20-w discloses a 17.99% purchase APR. That purchase rate ranks near the 28th percentile across this corpus of 4,587 filings.

The disclosed terms

The document behind this page is Preferred Credit's filed agreement for Retail Instalment Credit Agreement/ Security Agreement Ny20-w. The filing runs five pages.

The filing is explicit about 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.

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

17.99% puts the purchase APR near the 28th percentile across 2,280 agreements, so it sits below the middle of the distribution.

What the rate means in dollars

A $1,000 balance left untouched for twelve months accrues about $197 in interest at this purchase rate.

Measured against the 21.99% corpus median, the same $1,000 costs approximately $49 less per year here.

Month to month it reads as about $14.89 per cycle on that balance.

There is also a floor: the filing sets a minimum interest charge of $0.70, so any cycle that accrues less than that is billed at $0.70 anyway.

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.

The downside terms

The maximum late fee is $20 — roughly the 17th percentile of the late fee ceilings disclosed across this index.

Grace period and minimum charge

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 $0.70. On a tiny balance that floor can dwarf the rate itself.

Against the rest of Preferred Credit's filings

Preferred Credit has 124 agreements indexed on this site. Across that lineup purchase rates span 17.99% to 21.99%; this filing's 17.99% sits above 0 of the comparable ones.

What is outside the disclosure

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.

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.

Where the authority sits

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

The pricing here is middling by the standards of the index — 17.99% on purchases is near enough to typical. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.