Tabular Foundation

Simmons Bank's filed agreement for Tabular Foundation 11 08 24 discloses a 27.49% purchase APR and no annual fee. That purchase rate ranks near the 66th percentile across this corpus of 4,587 filings.

What this filing discloses

Simmons Bank submitted the terms for Tabular Foundation 11 08 24 to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs two pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. A penalty rate is not stated.

The purchase rate in context

At 27.49%, the purchase APR falls at roughly the 66th percentile of the 2,280 filings indexed here, which is dearer than the typical filing.

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.

The arithmetic of revolving

The purchase rate turns a $1,000 revolving balance into roughly $316 of annual interest.

Against the corpus median of 21.99%, that is approximately $70 a year of extra interest on the same $1,000.

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.

Charges beyond interest

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.

Cash advances carry a cash advance fee of $4 or 3% of the advance, whichever is greater and a cash advance APR of 28.49%. That is 1 points above the purchase rate. $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 transfer fee is a flat $0; transferred balances then run at 27.49%.

The filing sets a 2% foreign transaction fee, which adds roughly $20 to $1,000 spent outside the United States.

The downside terms

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

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

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.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

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 27.49% is more expensive than 107 of them.

Reading the agreement yourself

The filed PDF is linked from this page and runs two pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

27.49% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.