Tabular Simmons Visa

On the record for Tabular Simmons Visa 5 5 22: a purchase APR of 11%–19%, no annual fee and a 12-month 0% opening period, filed by Simmons Bank. That purchase rate ranks near the 40th percentile across this corpus of 4,587 filings.

What the agreement puts on the record

Simmons Bank filed this agreement for Tabular Simmons Visa 5 5 22 with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs three pages.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. A penalty rate and a grace period are not stated.

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.

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

The go-to rate is 19%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $209 a year on $1,000.

Valued honestly, 12 months at zero on $1,000 avoids about $209 of interest compared with the go-to rate — the whole of what the promotion delivers.

Pricing the purchase rate

Rather than a single purchase rate, the document gives a band — 11% at the bottom, 19% at the top, 8 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Those two numbers occupy very different places in the corpus: roughly the 15th percentile at the bottom and the 40th at the top.

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 $1,046 in interest.

Measured against the 21.99% corpus median, the same $5,000 costs approximately $183 less per year here.

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

Where the fees are

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

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 15%. 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 11%; no separate transfer fee was captured from the filing.

Foreign transactions attract 2%. On $2,000 of overseas spending that is $40, charged on top of whatever exchange rate applies.

What a missed payment costs

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

Against the rest of Simmons Bank's filings

Simmons Bank has 124 agreements indexed on this site. Their disclosed purchase rates run from 18.25% to 28.24%, and this one at 19% is more expensive than 1 of them.

What you cannot learn from the filing

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.

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

At 19% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.