Reeds Jewelers Credit Card Account Agreement and Pricing Addendum (3)

Synchrony Financial's filed agreement for Reeds Jewelers Credit Card Account Agreement and Pricing Addendum (3) discloses a 34.99% purchase APR and a 39.99% penalty rate. That purchase rate ranks near the 84th percentile across this corpus of 4,587 filings.

The disclosed terms

This page covers the agreement Synchrony Financial filed for Reeds Jewelers Credit Card Account Agreement and Pricing Addendum (3). The filing runs five pages.

On the record here: a purchase rate, a penalty rate, a late payment maximum and a grace period. A cash advance rate, a balance transfer rate and an annual fee line are not stated.

Where the purchase APR sits

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

What a balance actually costs

A $3,000 balance left untouched for twelve months accrues about $1,256 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $518 a year of extra interest on the same $3,000.

Broken down to a single thirty-day cycle, the same balance accrues roughly $87.49.

Small balances do not get a proportionally small bill — the agreement imposes a $2 minimum interest charge in any month where interest applies.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

What a missed payment costs

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

Measured in money, moving from 34.99% to 39.99% costs an extra $182 or so annually on $2,500 — a far larger number than any single late fee.

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

Grace period and minimum charge

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.

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

How it sits in the issuer's own range

212 separate Synchrony Financial filings appear in the corpus. Across that lineup purchase rates span 0% to 34.99%; this filing's 34.99% sits above 35 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.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Where the authority sits

The filed PDF is linked from this page and runs five pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

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.