Tabular Simmons Visa

On the record for Tabular Simmons Visa 11 2 23: a purchase APR of 15.5%–23.5%, no annual fee and a 12-month 0% opening period, filed by Simmons Bank. That purchase rate ranks near the 56th percentile across this corpus of 4,587 filings.

On the face of the filing

What follows is drawn entirely from Simmons Bank's CFPB filing for Tabular Simmons Visa 11 2 23. The filing runs one page, and It is issued on the Visa network.

The filing is explicit about 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 interest-free window

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.

Behind the promotion sits a 23.5% purchase rate. On $3,000 that is in the region of $794 a year once the window closes.

Valued honestly, 12 months at zero on $3,000 avoids about $794 of interest compared with the go-to rate — the whole of what the promotion delivers.

How the purchase rate compares

Purchases price between 15.5% and 23.5% 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 37th percentile at the bottom and the 56th at the top.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

Translating the rate into money

Carry $1,000 on this card for a year without paying it down and the purchase rate alone generates roughly $265 in interest.

Against the corpus median of 21.99%, that is approximately $19 a year of extra interest on the same $1,000.

Per statement cycle that is on the order of $19.50 on $1,000, which is the number that actually shows up on a bill.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Where the fees are

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.

Taking cash against the card means 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.

The filing discloses a 15.5% balance transfer rate without an accompanying fee figure.

Spending abroad costs an extra 2% — about $40 on $2,000 of purchases, independent of interest.

The no-interest path

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

Penalty pricing and late fees

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

How it sits in the issuer's own range

There are 124 filings from Simmons Bank in this index. Across that lineup purchase rates span 18.25% to 28.24%; this filing's 23.5% sits above 36 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 you cannot learn from the filing

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

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

This summary stands or falls on the linked PDF — one page. 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. The absence of an annual fee means the rate is the only thing that can make this card expensive.