Service Experts Credit Card Agreement and Pricing Addendum

Service Experts Credit Card Agreement and Pricing Addendum, as filed by Synchrony Financial, carries a 26.99% purchase APR. Against the 4,587 filings on this site, that rate lands around the 65th percentile.

On the face of the filing

Service Experts Credit Card Agreement and Pricing Addendum is one of the agreements Synchrony Financial has on file with the CFPB. The filing runs five pages.

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

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

The purchase APR against the corpus

Set beside the rest of the index, the purchase APR of 26.99% lands at the 65th percentile; it is dearer than the typical filing.

Translating the rate into money

Put $3,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $929.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $738. The gap — roughly $191 a year on $3,000 — is the price of this particular filing over a typical one.

Per statement cycle that is on the order of $67.27 on $3,000, which is the number that actually shows up on a bill.

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

When a payment is late

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

The grace period

23 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. The typical filing here allows 25 days, so this one is tighter than most.

Where interest applies at all, the filing bills at least $2. On a tiny balance that floor can dwarf the rate itself.

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.

Inside Synchrony Financial's filed lineup

212 separate Synchrony Financial filings appear in the corpus. The issuer's own range is 0%–34.99%. At 26.99%, this agreement is dearer than 18 of its siblings.

Go to the source

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

At 26.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.