Tabular Red Rewards Visa

Tabular Red Rewards Visa 2 02 23, as filed by Simmons Bank, carries a purchase APR of 16.75%–24.75%, no annual fee and a 12-month 0% opening period. The purchase rate sits at roughly the 60th percentile of the 4,587 agreements indexed here.

What the document actually states

Simmons Bank filed this agreement for Tabular Red Rewards Visa 2 02 23 with the Consumer Financial Protection Bureau. 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. It is silent on a penalty rate and a grace period.

Zero percent, and then what

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

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.

What matters more than the promotion is the rate waiting behind it: 24.75%. A $1,000 balance that survives the promotional window costs roughly $281 a year from that point on.

Valued honestly, 12 months at zero on $1,000 avoids about $281 of interest compared with the go-to rate — the whole of what the promotion delivers.

Where the purchase APR sits

Purchases price between 16.75% and 24.75% under this filing. The 8-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Those two numbers occupy very different places in the corpus: roughly the 43rd percentile at the bottom and the 60th at the top.

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.

The arithmetic of revolving

Carry $4,000 on this card for a year without paying it down and the purchase rate alone generates roughly $1,123 in interest.

Against the corpus median of 21.99%, that is approximately $139 a year of extra interest on the same $4,000.

Per statement cycle that is on the order of $82.17 on $4,000, which is the number that actually shows up on a bill.

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

The downside terms

Late payments are capped at $39 under this filing, about the 63rd percentile of late fee maximums in the corpus.

Fees, and what triggers them

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

Cash advances carry a cash advance fee of $4 or 3% of the advance, whichever is greater and a cash advance APR of 20.75%. Advances under roughly $133 are charged the flat $4; larger ones are charged 3%.

The filing discloses a 16.75% balance transfer rate without an accompanying fee figure.

Foreign transactions attract 2%. On $5,000 of overseas spending that is $100, charged on top of whatever exchange rate applies.

Inside Simmons Bank's filed lineup

Simmons Bank has 124 agreements indexed on this site. The issuer's own range is 18.25%–28.24%. At 24.75%, this agreement is dearer than 67 of its siblings.

On fees, 114 of the 118 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What is outside the disclosure

This page cannot tell you a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

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

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

In short

24.75% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.