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. That purchase rate ranks near the 97th percentile across this corpus of 4,587 filings.

On the face of the filing

The document behind this page is Comenity Bank's filed agreement for LOFT Mastercard® Credit Card or LOFT Credit Card Current Credit Card Agreements. The filing runs 13 pages, and It is issued on the Mastercard network.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line. It is silent on a foreign transaction fee and a grace period.

Pricing the purchase rate

Ranked against the corpus, this purchase APR — 35.99% — sits at approximately the 97th percentile and sits in the top few percent of the entire set.

Translating the rate into money

Carry $4,000 on this card for a year without paying it down and the purchase rate alone generates roughly $1,732 in interest.

Against the corpus median of 21.99%, that is approximately $748 a year of extra interest on the same $4,000.

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

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.

For scale, $3.50 is approximately what $10 of revolving balance would cost in interest over twelve months at this card's 35.99% 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%. Advances under roughly $333 are charged the flat $10; larger ones are charged 3%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Moving a balance onto this card carries an up-front charge of 35.99% of the amount transferred, with the transferred balance priced at 35.99%. Transferring $7,500 would cost roughly $2,699 at the door.

Grace period and minimum charge

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

The downside terms

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 35.99% to 39.99% costs an extra $175 or so annually on $3,000 — a far larger number than any single late fee.

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

The issuer's other agreements

There are 45 filings from Comenity Bank in this index. Their disclosed purchase rates run from 30.24% to 35.99%, and this one at 35.99% is more expensive than 7 of them.

Among the issuer's other filings that disclose a fee, 15 of 41 come in below this card's $3.50.

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.

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.

Reading the agreement yourself

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

The defining fact about this filing is the purchase rate: at 35.99% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance. The $3.50 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.