Retail Charge Agreement / Security Agreement

Preferred Credit's filed agreement for Retail Charge Agreement / Security Agreement discloses a 17.99% purchase APR. Against the 4,587 filings on this site, that rate lands around the 28th percentile.

What this filing discloses

This page covers the agreement Preferred Credit filed for Retail Charge Agreement / Security Agreement. The filing runs four pages.

On the record here: a purchase rate 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 APR against the corpus

17.99% puts the purchase APR near the 28th percentile across 2,280 agreements, so it comes in under the midpoint of the corpus.

The arithmetic of revolving

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $394 in interest.

A typical filing in this index would charge about $492 on that balance; this one is roughly $98 a year below it.

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

Paying in full

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.

The issuer's other agreements

124 separate Preferred Credit filings appear in the corpus. Their disclosed purchase rates run from 17.99% to 21.99%, and this one at 17.99% is more expensive than 0 of them.

What is outside the disclosure

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.

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.

Where the authority sits

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

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.