KAY Jewelers Credit Card Current Credit Card Agreements

The KAY Jewelers Credit Card Current Credit Card Agreements filing from Comenity Bank sets out a 35.99% purchase APR, a $3.50 annual fee and a 39.99% penalty rate. The purchase rate sits at roughly the 97th percentile of the 4,587 agreements indexed here.

On the face of the filing

KAY Jewelers Credit Card Current Credit Card Agreements is one of the agreements Comenity Bank has on file with the CFPB. The filing runs 15 pages.

On the record here: a purchase rate, a penalty rate, an annual fee line and a late payment maximum. It is silent on a cash advance rate, a balance transfer rate and a foreign transaction fee.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 35.99% lands at the 97th percentile; it is at the extreme upper end of the corpus.

Translating the rate into money

The purchase rate turns a $5,000 revolving balance into roughly $2,165 of annual interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $1,229. The gap — roughly $935 a year on $5,000 — is the price of this particular filing over a typical one.

Small balances do not get a proportionally small bill — the agreement imposes a $3 minimum interest charge in any month where interest applies.

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.

Where the fees are

$3.50 a year is the disclosed annual fee, which ranks near the 75th percentile of the fees filed across this corpus.

Paying in full

The $3 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Penalty pricing and late fees

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

That is 4 points above the standard purchase rate. On a $3,000 balance, the shift from 35.99% to 39.99% adds something like $175 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 issuer's other agreements

This is one of 45 Comenity Bank agreements collected here. Across that lineup purchase rates span 30.24% to 35.99%; this filing's 35.99% sits above 7 of the comparable ones.

Its $3.50 annual fee is higher than 15 of the 41 sibling filings that state one.

The limits of this document

This page cannot tell you anything about cash advances, balance transfer terms, a foreign transaction fee and a grace period, because the filing's disclosure table as read does not contain them.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Go to the source

The filed PDF is linked from this page and runs 15 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

This is an expensive agreement by the standards of the corpus, driven by a 35.99% purchase rate that is inert for a transactor and punishing for a revolver. Note that the $3.50 annual fee falls due whether the card is used or not.