Disclosed rates and fees
Every figure below was read from this issuer's filed agreement. Anything the filing does not state is left out of this table rather than shown as zero.
| Purchase APR | 34.99% |
|---|---|
| Penalty APR | 39.99% |
| Late payment fee | up to $41 |
| Grace period | 23 days |
| Minimum interest charge | $2 |
Analysis
Synchrony Financial's filed agreement for Tire Pros Credit Card Agreement and Pricing Addendum 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.
What this filing discloses
This page covers the agreement Synchrony Financial filed for Tire Pros Credit Card Agreement and Pricing Addendum. The filing runs five pages.
The filing is explicit about 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 34.99% places this agreement around the 84th percentile of the set — it is well above what most issuers disclosed.
The arithmetic of revolving
A $2,000 balance left untouched for twelve months accrues about $837 in interest at this purchase rate.
On a median-priced agreement from this index (21.99%) the same $2,000 would run about $492 a year, so this card costs in the region of $346 more annually for the identical balance.
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.
Default pricing
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 34.99% to 39.99% is 5 percentage points, worth roughly $73 extra per year on $1,000 of balance.
On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.
Paying in full
Anyone clearing the statement balance inside 23 days pays no purchase interest at all under this filing. With a corpus median of 25 days, this window is narrower than the norm.
The $2 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.
Against the rest of Synchrony Financial's filings
There are 212 filings from Synchrony Financial in this index. Across that lineup purchase rates span 0% to 34.99%; this filing's 34.99% sits above 35 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.
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.
Go to the source
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 defining fact about this filing is the purchase rate: at 34.99% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance.
The source document
This page is a reading of one document: the cardholder agreement Synchrony Financial filed with the Consumer Financial Protection Bureau. Where the two disagree, the filing is correct and this page is wrong.
Applications are handled by Synchrony Financial, not by us. We do not take applications and cannot say whether you would be approved.
Other cards from Synchrony Financial
-
ABT Credit Card Account Agreement and Pricing Addendum
Agreement filed with the CFPB
- Purchase APR
- 34.99%
-
Adairs Credit Card Account Agreement and Pricing Addendum
Agreement filed with the CFPB
- Purchase APR
- 34.99%
-
Adorama Credit Card Account Agreement and Pricing Addendum
Agreement filed with the CFPB
- Purchase APR
- 34.99%
-
America's Tire Credit Card Agreement and Pricing Addendum
Agreement filed with the CFPB
- Purchase APR
- 34.99%