HP Credit Account Current Credit Card Agreements

On the record for HP Credit Account Current Credit Card Agreements: a 35.99% purchase APR, a $35.88 annual fee and a 39.99% penalty rate, filed by Comenity Capital Bank. Against the 4,587 filings on this site, that rate lands around the 97th percentile.

What the document actually states

HP Credit Account Current Credit Card Agreements is one of the agreements Comenity Capital Bank has on file with the CFPB. The filing runs 12 pages.

The disclosure covers a purchase rate, a penalty rate, an annual fee line and a late payment maximum. No figure appears for a cash advance rate, a balance transfer rate and a foreign transaction fee.

Pricing the purchase rate

The purchase APR of 35.99% places this agreement around the 97th percentile of the set — it sits in the top few percent of the entire set.

The cost of carrying a balance

The purchase rate turns a $2,000 revolving balance into roughly $866 of annual interest.

On a median-priced agreement from this index (21.99%) the same $2,000 would run about $492 a year, so this card costs in the region of $374 more annually for the identical balance.

Month to month it reads as about $60.02 per cycle on that balance.

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

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

What the card costs before you borrow

$35.88 a year is the disclosed annual fee, which ranks near the 84th percentile of the fees filed across this corpus.

One way to size that fee: at the card's own purchase rate of 35.99%, $35.88 is roughly the interest a balance of about $100 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

The grace period

A minimum interest charge of $3 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

Default pricing

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.

The jump from 35.99% to 39.99% is 4 percentage points, worth roughly $58 extra per year on $1,000 of balance.

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

How it sits in the issuer's own range

100 separate Comenity Capital Bank filings appear in the corpus. Across that lineup purchase rates span 14.74% to 35.99%; this filing's 35.99% sits above 47 of the comparable ones.

Among the issuer's other filings that disclose a fee, 53 of 89 come in below this card's $35.88.

What is outside the disclosure

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and a grace period. The original document is the place to look for any of these.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

The document itself

The filed PDF is linked from this page and runs 12 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

35.99% 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. Against that sits the $35.88 annual fee, which is unavoidable once the account is open.