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.
| Purchase APR | 34.99% |
|---|---|
| Penalty APR | 39.99% |
| Late payment fee | up to $41 |
| Grace period | 23 days |
| Minimum interest charge | $2 |
Analysis
On the record for Value City Credit Card Account Agreement and Pricing Addendum: a 34.99% purchase APR and a 39.99% penalty rate, filed by Synchrony Financial. Against the 4,587 filings on this site, that rate lands around the 84th percentile.
What the document actually states
Synchrony Financial filed this agreement for Value City Credit Card Account Agreement and Pricing Addendum with the Consumer Financial Protection Bureau. The filing runs five pages.
The filing is explicit about 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.
How the purchase rate compares
Ranked against the corpus, this purchase APR — 34.99% — sits at approximately the 84th percentile and is costlier than the large majority of filings here.
Translating the rate into money
At the disclosed purchase APR, $1,000 revolving for a full year costs something like $419 in interest.
Against the corpus median of 21.99%, that is approximately $173 a year of extra interest on the same $1,000.
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.
That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.
When a payment is late
If the account defaults, the filing permits a rate of 39.99%. Among disclosing agreements here that ranks near the 86th percentile.
That is 5 points above the standard purchase rate. On a $2,000 balance, the shift from 34.99% to 39.99% adds something like $145 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.
Paying in full
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.
A minimum interest charge of $2 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.
How it sits in the issuer's own range
This is one of 212 Synchrony Financial agreements collected here. The issuer's own range is 0%–34.99%. At 34.99%, this agreement is dearer than 35 of its siblings.
What you cannot learn from the filing
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.
The document itself
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
34.99% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index.
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.
Applications are handled by Synchrony Financial, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Synchrony Financial
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ABT Credit Card Account Agreement and Pricing Addendum
Agreement filed with the CFPB
- Purchase APR
- 34.99%
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Adairs Credit Card Account Agreement and Pricing Addendum
Agreement filed with the CFPB
- Purchase APR
- 34.99%
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Adorama Credit Card Account Agreement and Pricing Addendum
Agreement filed with the CFPB
- Purchase APR
- 34.99%
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America's Tire Credit Card Agreement and Pricing Addendum
Agreement filed with the CFPB
- Purchase APR
- 34.99%