Tabular Red Rewards Visa

Simmons Bank's filed agreement for Tabular Red Rewards Visa 12 19 24 discloses a purchase APR of 16.5%–24.5%, no annual fee and a 12-month 0% opening period. That purchase rate ranks near the 59th percentile across this corpus of 4,587 filings.

On the face of the filing

This page covers the agreement Simmons Bank filed for Tabular Red Rewards Visa 12 19 24. It is issued on the Visa network and the filing runs four pages.

The disclosure covers 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 promotional period

This agreement opens at 0% for 12 months, the only period in the document where carrying a balance is free.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Once the introductory period ends the rate becomes 24.5%, which turns a lingering $3,000 balance into approximately $833 of annual interest.

The promotional window is therefore worth something on the order of $833 on $3,000, measured against the same balance priced at the standard rate for the same period.

The purchase rate in context

Rather than a single purchase rate, the document gives a band — 16.5% at the bottom, 24.5% at the top, 8 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 41st percentile of filed purchase rates; the ceiling sits at about the 59th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

Translating the rate into money

At the disclosed purchase APR, $5,000 revolving for a full year costs something like $1,388 in interest.

On a median-priced agreement from this index (21.99%) the same $5,000 would run about $1,229 a year, so this card costs in the region of $158 more annually for the identical balance.

Month to month it reads as about $101.67 per cycle on that balance.

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 fee structure

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.

For cash advances the filing discloses a cash advance fee of $4 or 3% of the advance, whichever is greater and a cash advance APR of 20.5%.

The filing discloses a 16.5% balance transfer rate without an accompanying fee figure.

The filing sets a 2% foreign transaction fee, which adds roughly $30 to $1,500 spent outside the United States.

Default pricing

The maximum late fee is $39 — roughly the 63rd percentile of the late fee ceilings disclosed across this index.

The no-interest path

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

The limits of this document

Absent from the captured terms: penalty pricing. 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.

Against the rest of Simmons Bank's filings

There are 124 filings from Simmons Bank in this index. Their disclosed purchase rates run from 18.25% to 28.24%, and this one at 24.5% is more expensive than 55 of them.

Reading the agreement yourself

This summary stands or falls on the linked PDF — four pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 24.5% on purchases is near enough to typical.