Tabular Simmons Visa

Simmons Bank's filed agreement for Tabular Simmons Visa 1 31 24 discloses a purchase APR of 15.5%–23.5%, no annual fee and a 12-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 56th percentile.

The disclosed terms

Simmons Bank filed this agreement for Tabular Simmons Visa 1 31 24 with the Consumer Financial Protection Bureau. 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. It is silent on a penalty rate.

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.

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.

What matters more than the promotion is the rate waiting behind it: 23.5%. A $5,000 balance that survives the promotional window costs roughly $1,324 a year from that point on.

The promotional window is therefore worth something on the order of $1,324 on $5,000, measured against the same balance priced at the standard rate for the same period.

Pricing the purchase rate

This is a tiered agreement: the filing discloses a purchase APR anywhere from 15.5% to 23.5%, a spread of 8 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Read against the index, the low end ranks around the 37th percentile and the high end around the 56th — the band straddles a wide stretch of the market this corpus describes.

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 $1,500 balance left untouched for twelve months accrues about $397 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $1,500 would run about $369 a year, so this card costs in the region of $28 more annually for the identical 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.

What the card costs before you borrow

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.

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 19.5%. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Transferred balances are priced at 15.5%; no separate transfer fee was captured from the filing.

Spending abroad costs an extra 2% — about $20 on $1,000 of purchases, independent of interest.

Penalty pricing and late fees

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

The grace period

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

How it sits in the issuer's own range

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 23.5% is more expensive than 36 of them.

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

What you cannot learn from the filing

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.

The document itself

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

23.5% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.