Smile Generation Financial Credit Card Current Credit Card Agreements

The Smile Generation Financial Credit Card Current Credit Card Agreements filing from Comenity Capital Bank sets out a 32.99% purchase APR, a $35.88 annual fee and a 39.99% penalty rate. The purchase rate sits at roughly the 78th percentile of the 4,587 agreements indexed here.

On the face of the filing

The document behind this page is Comenity Capital Bank's filed agreement for Smile Generation Financial Credit Card Current Credit Card Agreements. The filing runs 12 pages.

The filing is explicit about 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.

Where the purchase APR sits

Set beside the rest of the index, the purchase APR of 32.99% lands at the 78th percentile; it is dearer than the typical filing.

What the rate means in dollars

A $1,000 balance left untouched for twelve months accrues about $391 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $145 a year of extra interest on the same $1,000.

Per statement cycle that is on the order of $27.47 on $1,000, which is the number that actually shows up on a bill.

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 fee structure

The annual fee is $35.88, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 84th percentile.

Expressed in the card's own terms, the $35.88 fee equals about a year's interest on a $109 balance at the disclosed 32.99% purchase rate.

What a missed payment costs

If the account defaults, the filing permits a rate of 39.99%. Among disclosing agreements here that ranks near the 86th percentile.

A default therefore reprices the debt by 7 points: about $252 a year more on $2,500, for as long as the penalty rate stands.

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

Paying in full

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

Against the rest of Comenity Capital Bank's filings

This is one of 100 Comenity Capital Bank agreements collected here. The issuer's own range is 14.74%–35.99%. At 32.99%, this agreement is dearer than 22 of its siblings.

What is outside the disclosure

The disclosure parsed here does not state anything about cash advances, balance transfer terms, a foreign transaction fee and a grace period. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

Where the authority sits

Everything here is a reading of the filed agreement, 12 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

32.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Note that the $35.88 annual fee falls due whether the card is used or not.