Retail Charge Agreement E UA06 R

On the record for Retail Charge Agreement E UA06 R: a purchase APR of 17%–21.99%, filed by Preferred Credit. Against the 4,587 filings on this site, that rate lands around the 49th percentile.

What this filing discloses

The document behind this page is Preferred Credit's filed agreement for Retail Charge Agreement E UA06 R. The filing runs seven pages.

The disclosure covers 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.

Where the purchase APR sits

The purchase APR is quoted as a range of 17% to 21.99%. That 4.99-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 45th percentile of filed purchase rates; the ceiling sits at about the 49th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

The cost of carrying a balance

The purchase rate turns a $5,000 revolving balance into roughly $1,229 of annual interest.

That is almost exactly what a median-priced filing in this index would charge on the same balance, since the corpus median sits at 21.99%.

Per statement cycle that is on the order of $91.16 on $5,000, which is the number that actually shows up on a bill.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

When a payment is late

The maximum late fee is $15 — roughly the 11th percentile of the late fee ceilings disclosed across this index.

Grace period and minimum charge

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

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

Against the rest of Preferred Credit's filings

There are 124 filings from Preferred Credit in this index. Their disclosed purchase rates run from 17.99% to 21.99%, and this one at 21.99% is more expensive than 84 of them.

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.

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.

Where the authority sits

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

In short

21.99% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.