Mitsubishi Credit Card Agreement and Pricing Addendum

Mitsubishi Credit Card Agreement and Pricing Addendum, as filed by Synchrony Financial, carries a 26.99% purchase APR. That purchase rate ranks near the 65th percentile across this corpus of 4,587 filings.

On the face of the filing

Synchrony Financial filed this agreement for Mitsubishi Credit Card Agreement and Pricing Addendum with the Consumer Financial Protection Bureau. The filing runs five pages.

The filing is explicit about a purchase rate, a late payment maximum and a grace period. It is silent on 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.

Where the purchase APR sits

26.99% puts the purchase APR near the 65th percentile across 2,280 agreements, so it sits in the more expensive half.

What a balance actually costs

A $3,000 balance left untouched for twelve months accrues about $929 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $191 a year of extra interest on the same $3,000.

Broken down to a single thirty-day cycle, the same balance accrues roughly $67.27.

Small balances do not get a proportionally small bill — the agreement imposes a $2 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.

The downside terms

$41 is the disclosed ceiling on a late payment fee, placing it near the 89th percentile of the set.

Grace period and minimum charge

The filing gives 23 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. The typical filing here allows 25 days, so this one is tighter than most.

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

This is one of 212 Synchrony Financial agreements collected here. Across that lineup purchase rates span 0% to 34.99%; this filing's 26.99% sits above 18 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.

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, five 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 — 26.99% 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.