CareCredit Credit Card Account Agreement and Pricing Addendum FINAL

The CareCredit Credit Card Account Agreement and Pricing Addendum FINAL filing from Synchrony Financial sets out a 32.99% purchase APR and a 39.99% penalty rate. That purchase rate ranks near the 78th percentile across this corpus of 4,587 filings.

The disclosed terms

Synchrony Financial submitted the terms for CareCredit Credit Card Account Agreement and Pricing Addendum FINAL to the CFPB's agreement database; this is what they contain. The filing runs six pages.

The disclosure covers a purchase rate, a penalty rate, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and an annual fee line.

The purchase rate in context

The purchase APR of 32.99% places this agreement around the 78th percentile of the set — it is dearer than the typical filing.

What the rate means in dollars

A $2,500 balance left untouched for twelve months accrues about $977 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $362 a year of extra interest on the same $2,500.

Month to month it reads as about $68.68 per cycle on that balance.

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

The downside terms

A penalty APR of 39.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 86th percentile.

The jump from 32.99% to 39.99% is 7 percentage points, worth roughly $101 extra per year on $1,000 of balance.

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

The no-interest path

23 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That is shorter than the 25-day corpus median.

The $2 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Inside Synchrony Financial's filed lineup

There are 212 filings from Synchrony Financial in this index. Their disclosed purchase rates run from 0% to 34.99%, and this one at 32.99% is more expensive than 31 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.

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.

Go to the source

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

In short

At 32.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.