Tabular Foundation

The Tabular Foundation 3 23 23 filing from Simmons Bank sets out a 27.74% purchase APR and no annual fee. That purchase rate ranks near the 67th percentile across this corpus of 4,587 filings.

What the document actually states

What follows is drawn entirely from Simmons Bank's CFPB filing for Tabular Foundation 3 23 23. 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. It is silent on a penalty rate and a grace period.

The purchase rate in context

At 27.74%, the purchase APR falls at roughly the 67th percentile of the 2,280 filings indexed here, which runs above the midpoint of the corpus.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

Translating the rate into money

A $2,500 balance left untouched for twelve months accrues about $799 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $184 a year of extra interest on the same $2,500.

Per statement cycle that is on the order of $57.63 on $2,500, which is the number that actually shows up on a bill.

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 a missed payment costs

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

The fee structure

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 28.74%. The premium over purchases is 1 percentage points.

The transfer fee is a flat $0; transferred balances then run at 27.74%.

The filing sets a 2% foreign transaction fee, which adds roughly $100 to $5,000 spent outside the United States.

Inside Simmons Bank's filed lineup

This is one of 124 Simmons Bank agreements collected here. The issuer's own range is 18.25%–28.24%. At 27.74%, this agreement is dearer than 109 of its siblings.

The limits of this document

This page cannot tell you a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

The document itself

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

27.74% 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.