Grand Credit Card Account Agreement and Pricing Addendum

The Grand Credit Card Account Agreement and Pricing Addendum filing from Synchrony Financial sets out a 34.99% purchase APR and a 39.99% penalty rate. Against the 4,587 filings on this site, that rate lands around the 84th percentile.

The disclosed terms

What follows is drawn entirely from Synchrony Financial's CFPB filing for Grand Credit Card Account Agreement and Pricing Addendum. The filing runs five pages.

The filing is explicit about a purchase rate, a penalty rate, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and an annual fee line.

The purchase rate in context

34.99% puts the purchase APR near the 84th percentile across 2,280 agreements, so it lands high in the distribution.

What the rate means in dollars

Put $1,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $419.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $246. The gap — roughly $173 a year on $1,000 — is the price of this particular filing over a typical one.

Month to month it reads as about $29.16 per cycle on that balance.

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

What a missed payment costs

The agreement discloses penalty pricing of 39.99% — about the 86th percentile of the 794 penalty rates recorded across this index.

That is 5 points above the standard purchase rate. On a $2,500 balance, the shift from 34.99% to 39.99% adds something like $182 of interest over a year — the real cost of the default, quite apart from the fee itself.

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

The no-interest path

23 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That is shorter than the 25-day corpus median.

The $2 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

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.

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.

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

The original filing, 5 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 defining fact about this filing is the purchase rate: at 34.99% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance.