Tabular Red Rewards Visa

On the record for Tabular Red Rewards Visa 6 16 22: a purchase APR of 13.75%–21.75%, no annual fee and a 12-month 0% opening period, filed by Simmons Bank. That purchase rate ranks near the 47th 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 Red Rewards Visa 6 16 22. The filing runs three pages, and It is issued on the Visa network.

On the record here: 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 and a grace period.

The promotional period

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

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

Once the introductory period ends the rate becomes 21.75%, which turns a lingering $3,000 balance into approximately $729 of annual interest.

Put the other way round, the 12-month zero rate is worth roughly $729 on a $3,000 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

How the purchase rate compares

Purchases price between 13.75% and 21.75% under this filing. The 8-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Read against the index, the low end ranks around the 26th percentile and the high end around the 47th — the band straddles a wide stretch of the market this corpus describes.

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.

What the rate means in dollars

The purchase rate turns a $1,500 revolving balance into roughly $364 of annual interest.

Priced at the median of 21.99%, that balance would generate about $369 in a year — so this agreement comes in around $4 cheaper for the same debt.

Per statement cycle that is on the order of $27.05 on $1,500, 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.

Fees, and what triggers them

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Cash advances carry a cash advance fee of $4 or 3% of the advance, whichever is greater and a cash advance APR of 17.75%. 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 13.75%; no separate transfer fee was captured from the filing.

Foreign transactions attract 2%. On $1,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

When a payment is late

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

The issuer's other agreements

There are 124 filings from Simmons Bank in this index. Across that lineup purchase rates span 18.25% to 28.24%; this filing's 21.75% sits above 14 of the comparable ones.

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

The disclosure parsed here does not state a grace period and 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.

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.

Where the authority sits

Everything here is a reading of the filed agreement, three 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 pricing here is middling by the standards of the index — 21.75% on purchases is near enough to typical. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.