Retail Charge Agreement UW48 W

On the record for Retail Charge Agreement UW48 W: a purchase APR of 17%–17.99%, filed by Preferred Credit. The purchase rate sits at roughly the 28th percentile of the 4,587 agreements indexed here.

What the document actually states

Preferred Credit filed this agreement for Retail Charge Agreement UW48 W with the Consumer Financial Protection Bureau. The filing runs six 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.

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

The purchase rate in context

Rather than a single purchase rate, the document gives a band — 17% at the bottom, 17.99% at the top, 0.99 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 45th percentile of filed purchase rates; the ceiling sits at about the 28th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

Translating the rate into money

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $236 in interest.

Priced at the median of 21.99%, that balance would generate about $295 in a year — so this agreement comes in around $59 cheaper for the same debt.

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.

When a payment is late

The maximum late fee is $35 — roughly the 54th percentile of the late fee ceilings disclosed across this index.

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

How it sits in the issuer's own range

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 17.99% is more expensive than 0 of them.

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.

The document itself

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

In short

The pricing here is middling by the standards of the index — 17.99% on purchases is near enough to typical. Extraction confidence here is not high, so the conclusions above are provisional on the PDF agreeing with them.