Pricing Addendum MA18 W

Preferred Credit's filed agreement for Pricing Addendum MA18 W discloses a 17.99% purchase APR. Against the 4,587 filings on this site, that rate lands around the 28th percentile.

What the document actually states

Preferred Credit submitted the terms for Pricing Addendum MA18 W to the CFPB's agreement database; this is what they contain. The filing runs one page.

Terms captured from the document include a purchase rate, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Parsing confidence here is medium, so treat the figures as indicative of the filing rather than a substitute for it.

The purchase rate in context

17.99% puts the purchase APR near the 28th percentile across 2,280 agreements, so it is on the cheaper side of the median.

What a balance actually costs

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $394 in interest.

Measured against the 21.99% corpus median, the same $2,000 costs approximately $98 less per year here.

Month to month it reads as about $29.78 per cycle on that balance.

There is also a floor: the filing sets a minimum interest charge of $0.50, so any cycle that accrues less than that is billed at $0.50 anyway.

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.

Default pricing

Late payments are capped at $10 under this filing, about the 6th percentile of late fee maximums in the corpus.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

The issuer's other agreements

This is one of 124 Preferred Credit agreements collected here. The issuer's own range is 17.99%–21.99%. At 17.99%, this agreement is dearer than 0 of its siblings.

What you cannot learn from the filing

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.

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.

The document itself

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

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.