Agreements as filed with the CFPB. Not an offer of credit. How we read them
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Synchrony Financial

Cathay Pacific Visa Signature Card Account Agreement and Pricing Addendum

The filed agreement discloses a purchase APR of 20.49%. Below: every term the document states, what it leaves out, and how the cost compares with the rest of the database.

Disclosed rates and fees

Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.

Terms as disclosed in the filed agreement for Cathay Pacific Visa Signature Card Account Agreement and Pricing Addendum
Purchase APR20.49% (variable)
Penalty APR30.49%
Annual fee$95
Late payment feeup to $41
Cash advance feeEither $10 or 5% of the amount of each
Grace period23 days
Minimum interest charge$2
NetworkVisa

Analysis

Synchrony Financial's filed agreement for Cathay Pacific Visa Signature Card Account Agreement and Pricing Addendum discloses a 20.49% purchase APR, a $95 annual fee and a 30.49% penalty rate. That purchase rate ranks near the 43rd percentile across this corpus of 4,587 filings.

What the agreement puts on the record

The document behind this page is Synchrony Financial's filed agreement for Cathay Pacific Visa Signature Card Account Agreement and Pricing Addendum. It is issued on the Visa network and the filing runs six pages.

The disclosure covers a purchase rate, a penalty rate, an annual fee line, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and a foreign transaction fee.

The purchase rate in context

Set beside the rest of the index, the purchase APR of 20.49% lands at the 43rd percentile; it is unremarkable against the rest of the set.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The arithmetic of revolving

The purchase rate turns a $1,500 revolving balance into roughly $341 of annual interest.

Measured against the 21.99% corpus median, the same $1,500 costs approximately $28 less per year here.

Note the $2 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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.

Fees, and what triggers them

The annual fee is $95, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 92nd percentile.

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater.

The no-interest path

Anyone clearing the statement balance inside 23 days pays no purchase interest at all under this filing. With a corpus median of 25 days, this window is narrower than the norm.

A minimum interest charge of $2 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

What a missed payment costs

If the account defaults, the filing permits a rate of 30.49%. Among disclosing agreements here that ranks near the 67th percentile.

Measured in money, moving from 20.49% to 30.49% costs an extra $258 or so annually on $2,000 — a far larger number than any single late fee.

$41 is the disclosed ceiling on a late payment fee, placing it near the 89th percentile of the set.

Against the rest of Synchrony Financial's filings

This is one of 212 Synchrony Financial agreements collected here. The issuer's own range is 0%–34.99%. At 20.49%, this agreement is dearer than 17 of its siblings.

What is outside the disclosure

This page cannot tell you balance transfer terms 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.

Reading the agreement yourself

The original filing, 6 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 20.49% on purchases is near enough to typical. Note that the $95 annual fee falls due whether the card is used or not.

The source document

This page is a reading of one document: the cardholder agreement Synchrony Financial filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.

Open the filed agreement (PDF)

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Other cards from Synchrony Financial

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Where this card sits

Groups this agreement qualifies for, by its own disclosed terms:

Comparable cards from other issuers

Closest disclosed purchase APR among cards in the same groups.