Belk Rewards Mastercard Account Agreement and Pricing Addendum

The Belk Rewards Mastercard Account Agreement and Pricing Addendum filing from Synchrony Financial sets out a 34.99% purchase APR and a 39.99% penalty rate. The purchase rate sits at roughly the 84th percentile of the 4,587 agreements indexed here.

What this filing discloses

This page covers the agreement Synchrony Financial filed for Belk Rewards Mastercard Account Agreement and Pricing Addendum. The filing runs six pages, and It is issued on the Mastercard network.

On the record here: a purchase rate, a cash advance rate, a penalty rate, a late payment maximum and a foreign transaction fee. No figure appears for a balance transfer rate and an annual fee line.

Pricing the purchase rate

Measured against every other filing on the site, 34.99% is about the 84th percentile for purchase APR; it is costlier than the large majority of filings here.

The arithmetic of revolving

The purchase rate turns a $1,500 revolving balance into roughly $628 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $369 on that balance. This one charges about $259 more per year.

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 no-interest path

23 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. With a corpus median of 25 days, this window is narrower than the norm.

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

When a payment is late

If the account defaults, the filing permits a rate of 39.99%. Among disclosing agreements here that ranks near the 86th percentile.

The jump from 34.99% to 39.99% is 5 percentage points, worth roughly $218 extra per year on $3,000 of balance.

The maximum late fee is $40 — roughly the 72nd percentile of the late fee ceilings disclosed across this index.

What the card costs before you borrow

Taking cash against the card means a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 36.49%. The premium over purchases is 1.5 percentage points.

Foreign transactions attract 3%. On $3,000 of overseas spending that is $90, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

Against the rest of Synchrony Financial's filings

This is one of 212 Synchrony Financial agreements collected here. Across that lineup purchase rates span 0% to 34.99%; this filing's 34.99% sits above 35 of the comparable ones.

What the filing does not tell you

The disclosure parsed here does not state balance transfer terms and an annual fee. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

Reading the agreement yourself

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

In short

34.99% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index.