Retail Charge Agreement DC18 W

Retail Charge Agreement DC18 W, as filed by Preferred Credit, carries a 17.99% purchase APR. Against the 4,587 filings on this site, that rate lands around the 28th percentile.

On the face of the filing

The document behind this page is Preferred Credit's filed agreement for Retail Charge Agreement DC18 W. The filing runs five pages.

Terms captured from the document include a purchase rate, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

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

The purchase rate in context

The purchase APR of 17.99% places this agreement around the 28th percentile of the set — it is on the cheaper side of the median.

The cost of carrying a balance

A $1,000 balance left untouched for twelve months accrues about $197 in interest at this purchase rate.

The corpus median purchase rate is 21.99%, which on the same $1,000 would cost about $246 a year. This filing saves roughly $49 annually against that benchmark.

Broken down to a single thirty-day cycle, the same balance accrues roughly $14.89.

Note the $0.50 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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

Grace period and minimum charge

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.

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

Penalty pricing and late fees

$15 is the disclosed ceiling on a late payment fee, placing it near the 11th percentile of the set.

How it sits in the issuer's own range

There are 124 filings from Preferred Credit in this index. The issuer's own range is 17.99%–21.99%. At 17.99%, this agreement is dearer than 0 of its siblings.

The limits of this document

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.

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 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.