Mylowes Rewards Credit Card Account Agreement and Pricing Addendum Final

The Mylowes Rewards Credit Card Account Agreement and Pricing Addendum Final filing from Synchrony Financial sets out a 31.99% purchase APR and a 36.99% penalty rate. Against the 4,587 filings on this site, that rate lands around the 76th percentile.

What this filing discloses

Synchrony Financial submitted the terms for Mylowes Rewards Credit Card Account Agreement and Pricing Addendum Final to the CFPB's agreement database; this is what they contain. The filing runs six pages.

The disclosure covers a purchase rate, a penalty rate, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and an annual fee line.

The purchase APR against the corpus

Ranked against the corpus, this purchase APR — 31.99% — sits at approximately the 76th percentile and comes in above the median.

The cost of carrying a balance

Carry $1,000 on this card for a year without paying it down and the purchase rate alone generates roughly $377 in interest.

On a median-priced agreement from this index (21.99%) the same $1,000 would run about $246 a year, so this card costs in the region of $131 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $26.63.

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.

Default pricing

The agreement discloses penalty pricing of 36.99% — about the 72nd percentile of the 794 penalty rates recorded across this index.

Measured in money, moving from 31.99% to 36.99% costs an extra $141 or so annually on $2,000 — a far larger number than any single late fee.

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

The no-interest path

The filing gives 23 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. The typical filing here allows 25 days, so this one is tighter than most.

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

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.

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.

Inside Synchrony Financial's filed lineup

This is one of 212 Synchrony Financial agreements collected here. Their disclosed purchase rates run from 0% to 34.99%, and this one at 31.99% is more expensive than 30 of them.

Go to the source

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

31.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.