Sams Club Mastercard Account Agreement and Pricing Addendum FINAL

Sams Club Mastercard Account Agreement and Pricing Addendum FINAL, as filed by Synchrony Financial, carries a 13.4% purchase APR. That purchase rate ranks near the 11th percentile across this corpus of 4,587 filings.

On the face of the filing

Synchrony Financial filed this agreement for Sams Club Mastercard Account Agreement and Pricing Addendum FINAL with the Consumer Financial Protection Bureau. It is issued on the Mastercard network and the filing runs six pages.

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

The purchase APR against the corpus

Set beside the rest of the index, the purchase APR of 13.4% lands at the 11th percentile; it falls in the low band of the corpus.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

Translating the rate into money

Put $2,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $358.

A typical filing in this index would charge about $615 on that balance; this one is roughly $256 a year below it.

Broken down to a single thirty-day cycle, the same balance accrues roughly $27.68.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

The grace period

The filing gives 23 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. With a corpus median of 25 days, this window is narrower than the norm.

A minimum interest charge of $2 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

What a missed payment costs

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

Fees, and what triggers them

Taking cash against the card means a cash advance fee of $5 or 3% of the advance, whichever is greater and a cash advance APR of 18.4%. That is 5 points above the purchase rate. $167 is the crossover point where the percentage overtakes the $5 minimum. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Against the rest of Synchrony Financial's filings

There are 212 filings from Synchrony Financial in this index. Their disclosed purchase rates run from 0% to 34.99%, and this one at 13.4% is more expensive than 8 of them.

What the filing does not tell you

This page cannot tell you balance transfer terms, an annual fee, a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Where the authority sits

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

In short

The purchase rate of 13.4% is one of the cheaper figures in this index — the central point in the agreement's favour.