Retail Charge Agreement CT20 W

On the record for Retail Charge Agreement CT20 W: a 17.99% purchase APR, filed by Preferred Credit. Against the 4,587 filings on this site, that rate lands around the 28th percentile.

What the agreement puts on the record

This page covers the agreement Preferred Credit filed for Retail Charge Agreement CT20 W. The filing runs five pages.

Terms captured from the document include 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.

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

How the purchase rate compares

Ranked against the corpus, this purchase APR — 17.99% — sits at approximately the 28th percentile and comes in under the midpoint of the corpus.

Translating the rate into money

A $1,200 balance left untouched for twelve months accrues about $236 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $295 in a year — so this agreement comes in around $59 cheaper for the same debt.

Broken down to a single thirty-day cycle, the same balance accrues roughly $17.87.

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

The no-interest path

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

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

Default pricing

The maximum late fee is $20 — roughly the 17th percentile of the late fee ceilings disclosed across this index.

The issuer's other agreements

This is one of 124 Preferred Credit agreements collected here. Their disclosed purchase rates run from 17.99% to 21.99%, and this one at 17.99% is more expensive than 0 of them.

The limits of this document

This page cannot tell you anything about cash advances, balance transfer terms, an annual fee and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

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

The filed PDF is linked from this page and runs five pages. 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. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.