Tabular Simmons Visa

Simmons Bank's filed agreement for Tabular Simmons Visa 2 02 23 discloses a purchase APR of 14.75%–22.75%, no annual fee and a 12-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 52nd percentile.

What the agreement puts on the record

This page covers the agreement Simmons Bank filed for Tabular Simmons Visa 2 02 23. The filing runs three pages, and It is issued on the Visa network.

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.

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.

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

Behind the promotion sits a 22.75% purchase rate. On $2,500 that is in the region of $638 a year once the window closes.

Put the other way round, the 12-month zero rate is worth roughly $638 on a $2,500 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.

Where the purchase APR sits

Purchases price between 14.75% and 22.75% 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 32nd percentile and the high end around the 52nd — the band straddles a wide stretch of the market this corpus describes.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

The arithmetic of revolving

At the disclosed purchase APR, $5,000 revolving for a full year costs something like $1,277 in interest.

A card priced at the corpus median of 21.99% would charge roughly $1,229 on that balance. This one charges about $47 more per year.

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

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 18.75%. $133 is the crossover point where the percentage overtakes the $4 minimum. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

The filing discloses a 14.75% balance transfer rate without an accompanying fee figure.

Foreign transactions attract 2%. On $1,500 of overseas spending that is $30, charged on top of whatever exchange rate applies.

When a payment is late

$39 is the disclosed ceiling on a late payment fee, placing it near the 63rd percentile of the set.

How it sits in the issuer's own range

Simmons Bank has 124 agreements indexed on this site. Their disclosed purchase rates run from 18.25% to 28.24%, and this one at 22.75% is more expensive than 28 of them.

The limits of this document

Absent from the captured terms: a grace period and 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.

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 — 22.75% on purchases is near enough to typical.