Retail Charge Agreement NY19 W

Preferred Credit's filed agreement for Retail Charge Agreement NY19 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 filed this agreement for Retail Charge Agreement NY19 W with the Consumer Financial Protection Bureau. The filing runs five pages.

On the record here: 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.

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

The purchase rate in context

17.99% puts the purchase APR near the 28th percentile across 2,280 agreements, so it sits below the middle of the distribution.

Translating the rate into money

A $5,000 balance left untouched for twelve months accrues about $985 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $1,229 in a year — so this agreement comes in around $244 cheaper for the same debt.

Small balances do not get a proportionally small bill — the agreement imposes a $0.70 minimum interest charge in any month where interest applies.

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

Penalty pricing and late fees

$20 is the disclosed ceiling on a late payment fee, placing it near the 17th percentile of the set.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

A minimum interest charge of $0.70 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

Inside Preferred Credit's filed lineup

This is one of 124 Preferred Credit agreements collected here. Across that lineup purchase rates span 17.99% to 21.99%; this filing's 17.99% sits above 0 of the comparable ones.

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.

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.

Where the authority sits

This summary stands or falls on the linked PDF — five pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

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.