Pricing Addendum EE DC05 W

Preferred Credit's filed agreement for Pricing Addendum EE DC05 W discloses a 17.99% purchase APR. Against the 4,587 filings on this site, that rate lands around the 28th percentile.

What the agreement puts on the record

Preferred Credit filed this agreement for Pricing Addendum EE DC05 W with the Consumer Financial Protection Bureau. The filing runs one page.

On the record here: a purchase rate, a late payment maximum and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

How the purchase rate compares

At 17.99%, the purchase APR falls at roughly the 28th percentile of the 2,280 filings indexed here, which is on the cheaper side of the median.

The arithmetic of revolving

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $296.

A typical filing in this index would charge about $369 on that balance; this one is roughly $73 a year below it.

Month to month it reads as about $22.34 per cycle on that balance.

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

Default pricing

On the fee side, a late payment can cost up to $15, which is around the 11th percentile here.

Paying in full

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $0.50. On a tiny balance that floor can dwarf the rate itself.

Against the rest of Preferred Credit's filings

124 separate Preferred Credit filings appear in the corpus. The issuer's own range is 17.99%–21.99%. At 17.99%, this agreement is dearer than 0 of its siblings.

What the filing does not tell you

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

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Go to the source

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

In short

At 17.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.