Cathay World Elite Mastercard Account Agreement and Pricing Addendum FINAL

On the record for Cathay World Elite Mastercard Account Agreement and Pricing Addendum FINAL: a 18.24% purchase APR, a $99 annual fee and a 28.24% penalty rate, filed by Synchrony Financial. That purchase rate ranks near the 38th percentile across this corpus of 4,587 filings.

On the face of the filing

This page covers the agreement Synchrony Financial filed for Cathay World Elite Mastercard Account Agreement and Pricing Addendum FINAL. It is issued on the Mastercard network and the filing runs seven pages.

The filing is explicit about a purchase rate, a balance transfer rate, a penalty rate, an annual fee line and a late payment maximum. No figure appears for a cash advance rate and a foreign transaction fee.

Where the purchase APR sits

The purchase APR of 18.24% places this agreement around the 38th percentile of the set — it is on the cheaper side of the median.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

Translating the rate into money

A $4,000 balance left untouched for twelve months accrues about $800 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $983 in a year — so this agreement comes in around $183 cheaper for the same debt.

Note the $2 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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.

What the card costs before you borrow

The annual fee is $99, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 93rd percentile.

Expressed in the card's own terms, the $99 fee equals about a year's interest on a $543 balance at the disclosed 18.24% purchase rate.

Taking cash against the card means a cash advance fee of $10 or 5% of the advance, whichever is greater.

Moving a balance onto this card carries an up-front charge of $5 or 5% of the amount transferred, whichever is greater, with the transferred balance priced at 18.24%. Shifting $1,000 across attracts something like $50 in fees on day one.

Penalty pricing and late fees

If the account defaults, the filing permits a rate of 28.24%. Among disclosing agreements here that ranks near the 54th percentile.

The jump from 18.24% to 28.24% is 10 percentage points, worth roughly $378 extra per year on $3,000 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. With a corpus median of 25 days, this window is narrower than the norm.

Where interest applies at all, the filing bills at least $2. On a tiny balance that floor can dwarf the rate itself.

The issuer's other agreements

There are 212 filings from Synchrony Financial in this index. Across that lineup purchase rates span 0% to 34.99%; this filing's 18.24% sits above 14 of the comparable ones.

Among the issuer's other filings that disclose a fee, 15 of 16 come in below this card's $99.

The limits of this document

Absent from the captured terms: 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.

Where the authority sits

The filed PDF is linked from this page and runs seven pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

18.24% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. Note that the $99 annual fee falls due whether the card is used or not.