Tabular Red Rewards Visa

Tabular Red Rewards Visa 5 5 22, as filed by Simmons Bank, carries a purchase APR of 13%–21%, no annual fee and a 12-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 46th percentile.

What this filing discloses

The document behind this page is Simmons Bank's filed agreement for Tabular Red Rewards Visa 5 5 22. It is issued on the Visa network and the filing runs three 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. It is silent on a penalty rate and a grace period.

Zero percent, and then what

The filing discloses a 0% introductory rate running 12 months. For that window, balances covered by the promotion accrue no interest at all.

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

The go-to rate is 21%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $701 a year on $3,000.

Valued honestly, 12 months at zero on $3,000 avoids about $701 of interest compared with the go-to rate — the whole of what the promotion delivers.

Where the purchase APR sits

The purchase APR is quoted as a range of 13% to 21%. That 8-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Those two numbers occupy very different places in the corpus: roughly the 23rd percentile at the bottom and the 46th at the top.

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.

The arithmetic of revolving

At the disclosed purchase APR, $5,000 revolving for a full year costs something like $1,168 in interest.

Priced at the median of 21.99%, that balance would generate about $1,229 in a year — so this agreement comes in around $61 cheaper for the same debt.

Month to month it reads as about $87.03 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.

Where the fees are

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 17%. $133 is the crossover point where the percentage overtakes the $4 minimum. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Transferred balances are priced at 13%; no separate transfer fee was captured from the filing.

The filing sets a 2% foreign transaction fee, which adds roughly $60 to $3,000 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.

Inside Simmons Bank's filed lineup

This is one of 124 Simmons Bank agreements collected here. The issuer's own range is 18.25%–28.24%. At 21%, this agreement is dearer than 10 of its siblings.

What is outside the disclosure

Absent from the captured terms: a grace period and penalty pricing. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Go to the source

This summary stands or falls on the linked PDF — three 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 — 21% on purchases is near enough to typical.