Ford Rewards Visa Signature® Credit Card Current Credit Card Agreements

Ford Rewards Visa Signature┬« Credit Card Current Credit Card Agreements, as filed by Comenity Capital Bank, carries a purchase APR of 21.24%–34.24%, no annual fee and a 39.99% penalty rate. Against the 4,587 filings on this site, that rate lands around the 80th percentile.

What the agreement puts on the record

Comenity Capital Bank filed this agreement for Ford Rewards Visa Signature® Credit Card Current Credit Card Agreements with the Consumer Financial Protection Bureau. The filing runs 17 pages, and It is issued on the Visa network.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line. No figure appears for a grace period.

Where the purchase APR sits

Rather than a single purchase rate, the document gives a band — 21.24% at the bottom, 34.24% at the top, 13 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 63rd percentile of filed purchase rates; the ceiling sits at about the 80th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

Translating the rate into money

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $612.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $369. The gap — roughly $243 a year on $1,500 — is the price of this particular filing over a typical one.

Note the $3 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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.

The fee structure

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

For cash advances the filing discloses a cash advance fee of 35.24% and a cash advance APR of 35.24%. That is 1 points above the purchase rate.

Moving a balance onto this card carries an up-front charge of $10 or 5% of the amount transferred, whichever is greater, with the transferred balance priced at 21.24%. Transferring $3,000 would cost roughly $150 at the door.

The filing sets a 5% foreign transaction fee, which adds roughly $150 to $3,000 spent outside the United States.

That is at the high end of this corpus — around the 99th percentile of disclosed foreign transaction fees.

The downside terms

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

A default therefore reprices the debt by 5.75 points: about $167 a year more on $2,000, for as long as the penalty rate stands.

$41 is the disclosed ceiling on a late payment fee, placing it near the 89th percentile of the set.

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.

Against the rest of Comenity Capital Bank's filings

100 separate Comenity Capital Bank filings appear in the corpus. Across that lineup purchase rates span 14.74% to 35.99%; this filing's 34.24% sits above 38 of the comparable ones.

34 of the issuer's other 89 disclosing filings are likewise fee-free.

What is outside the disclosure

Absent from the captured terms: 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

Everything here is a reading of the filed agreement, 17 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 34.24% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.