Tabular Foundation

On the record for Tabular Foundation 6 16 22: a 21.49% purchase APR and a $25 annual fee, filed by Simmons Bank. Against the 4,587 filings on this site, that rate lands around the 47th percentile.

What the agreement puts on the record

Simmons Bank filed this agreement for Tabular Foundation 6 16 22 with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs one page.

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 purchase APR against the corpus

Measured against every other filing on the site, 21.49% is about the 47th percentile for purchase APR; it is unremarkable against the rest of the set.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What the rate means in dollars

The purchase rate turns a $1,000 revolving balance into roughly $240 of annual interest.

A typical filing in this index would charge about $246 on that balance; this one is roughly $6 a year below it.

Month to month it reads as about $17.81 per cycle on that balance.

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.

Fees, and what triggers them

$25 a year is the disclosed annual fee, which ranks near the 78th percentile of the fees filed across this corpus.

Cash advances carry a cash advance fee of $4 or 3% of the advance, whichever is greater and a cash advance APR of 25.49%. Cash is therefore 4 points dearer than buying something with the card. The two halves of that fee cross at about $133: below it the flat $4 applies, above it the percentage does.

Balance transfers cost a flat $0 up front and then accrue at 21.49%.

Spending abroad costs an extra 2% — about $60 on $3,000 of purchases, independent of interest.

Penalty pricing and late fees

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

What the filing does not tell you

Absent from the captured terms: a grace period and 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

This is one of 124 Simmons Bank agreements collected here. Their disclosed purchase rates run from 18.25% to 28.24%, and this one at 21.49% is more expensive than 13 of them.

Reading the agreement yourself

Everything here is a reading of the filed agreement, one page of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

21.49% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern. The $25 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.