Tabular Foundation

The Tabular Foundation 10 30 25 filing from Simmons Bank sets out a 26.74% purchase APR and no annual fee. That purchase rate ranks near the 64th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

What follows is drawn entirely from Simmons Bank's CFPB filing for Tabular Foundation 10 30 25. It is issued on the Visa network and the filing runs two pages.

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

The purchase rate in context

Set beside the rest of the index, the purchase APR of 26.74% lands at the 64th percentile; it is dearer than the typical filing.

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.

What a balance actually costs

A $2,500 balance left untouched for twelve months accrues about $766 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $2,500 would run about $615 a year, so this card costs in the region of $151 more annually for the identical balance.

Per statement cycle that is on the order of $55.53 on $2,500, which is the number that actually shows up on a bill.

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.

Where the fees are

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Taking cash against the card means a cash advance fee of $4 or 3% of the advance, whichever is greater and a cash advance APR of 27.74%. Cash is therefore 1 points dearer than buying something with the card. $133 is the crossover point where the percentage overtakes the $4 minimum.

Balance transfers cost a flat $0 up front and then accrue at 26.74%.

The filing sets a 2% foreign transaction fee, which adds roughly $40 to $2,000 spent outside the United States.

The downside terms

On the fee side, a late payment can cost up to $39, which is around the 63rd percentile here.

The grace period

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

What you cannot learn from the filing

The disclosure parsed here does not state penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Against the rest of Simmons Bank's filings

124 separate Simmons Bank filings appear in the corpus. The issuer's own range is 18.25%–28.24%. At 26.74%, this agreement is dearer than 98 of its siblings.

114 of the issuer's other 118 disclosing filings are likewise fee-free.

Go to the source

Everything here is a reading of the filed agreement, two pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 26.74% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.