Retail Charge Agreement HI22 R

Preferred Credit's filed agreement for Retail Charge Agreement HI22 R discloses a 19% purchase APR. Against the 4,587 filings on this site, that rate lands around the 40th percentile.

The disclosed terms

Preferred Credit filed this agreement for Retail Charge Agreement HI22 R with the Consumer Financial Protection Bureau. 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.

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

How the purchase rate compares

Measured against every other filing on the site, 19% is about the 40th percentile for purchase APR; it lands near the median.

The arithmetic of revolving

The purchase rate turns a $1,200 revolving balance into roughly $251 of annual interest.

Measured against the 21.99% corpus median, the same $1,200 costs approximately $44 less per year here.

Month to month it reads as about $18.88 per cycle on that balance.

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.

The no-interest path

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.

When a payment is late

On the fee side, a late payment can cost up to $30, which is around the 49th percentile here.

The issuer's other agreements

124 separate Preferred Credit filings appear in the corpus. The issuer's own range is 17.99%–21.99%. At 19%, this agreement is dearer than 76 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.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Go to the source

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

19% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.