LOFT Mastercard® Credit Card or LOFT Credit Card Current Credit Card Agreements

On the record for LOFT Mastercard® Credit Card or LOFT Credit Card Current Credit Card Agreements: a 35.99% purchase APR, a $3.50 annual fee and a 39.99% penalty rate, filed by Comenity Bank. Against the 4,587 filings on this site, that rate lands around the 97th percentile.

What this filing discloses

LOFT Mastercard® Credit Card or LOFT Credit Card Current Credit Card Agreements is one of the agreements Comenity Bank has on file with the CFPB. The filing runs 13 pages, and It is issued on the Mastercard network.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line. No figure appears for a foreign transaction fee and a grace period.

The purchase rate in context

The purchase APR of 35.99% places this agreement around the 97th percentile of the set — it ranks among the most expensive figures in the whole collection.

Translating the rate into money

A $3,000 balance left untouched for twelve months accrues about $1,299 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $3,000 would run about $738 a year, so this card costs in the region of $561 more annually for the identical balance.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

The no-interest path

Where interest applies at all, the filing bills at least $3. On a tiny balance that floor can dwarf the rate itself.

When a payment is late

A penalty APR of 39.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 86th percentile.

A default therefore reprices the debt by 4 points: about $117 a year more on $2,000, for as long as the penalty rate stands.

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

What the card costs before you borrow

Holding the card costs $3.50 a year before any transaction takes place — about the 75th percentile among agreements in this index that state a fee.

Expressed in the card's own terms, the $3.50 fee equals about a year's interest on a $10 balance at the disclosed 35.99% purchase rate.

Taking cash against the card means a cash advance fee of $10 or 3% of the advance, whichever is greater and a cash advance APR of 35.99%.

The transfer fee is 35.99% of the amount transferred; transferred balances then run at 35.99%. Shifting $7,500 across attracts something like $2,699 in fees on day one.

Inside Comenity Bank's filed lineup

Comenity Bank has 45 agreements indexed on this site. Their disclosed purchase rates run from 30.24% to 35.99%, and this one at 35.99% is more expensive than 7 of them.

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

What is outside the disclosure

Absent from the captured terms: a foreign transaction fee and a grace period. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Where the authority sits

This summary stands or falls on the linked PDF — 13 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

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. The $3.50 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.