Shane Co Credit Card Account Agreement and Pricing Addendum FINAL

Synchrony Financial's filed agreement for Shane Co Credit Card Account Agreement and Pricing Addendum FINAL discloses a 34.99% purchase APR and a 39.99% penalty rate. The purchase rate sits at roughly the 84th percentile of the 4,587 agreements indexed here.

On the face of the filing

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

Terms captured from the document include a purchase rate, a penalty rate, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and an annual fee line.

How the purchase rate compares

The purchase APR of 34.99% places this agreement around the 84th percentile of the set — it sits in the expensive end of the corpus.

What a balance actually costs

At the disclosed purchase APR, $5,000 revolving for a full year costs something like $2,093 in interest.

Against the corpus median of 21.99%, that is approximately $864 a year of extra interest on the same $5,000.

There is also a floor: the filing sets a minimum interest charge of $2, so any cycle that accrues less than that is billed at $2 anyway.

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

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.

When a payment is late

If the account defaults, the filing permits a rate of 39.99%. Among disclosing agreements here that ranks near the 86th percentile.

The jump from 34.99% to 39.99% is 5 percentage points, worth roughly $182 extra per year on $2,500 of balance.

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

The issuer's other agreements

Synchrony Financial has 212 agreements indexed on this site. The issuer's own range is 0%–34.99%. At 34.99%, this agreement is dearer than 35 of its siblings.

What the filing does not tell you

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.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

The document itself

The original filing, 5 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

This is an expensive agreement by the standards of the corpus, driven by a 34.99% purchase rate that is inert for a transactor and punishing for a revolver.