Tabular Red Rewards Visa

On the record for Tabular Red Rewards Visa 1 29 25: a purchase APR of 16.5%–24.5%, no annual fee and a 12-month 0% opening period, filed by Simmons Bank. That purchase rate ranks near the 59th percentile across this corpus of 4,587 filings.

On the face of the filing

What follows is drawn entirely from Simmons Bank's CFPB filing for Tabular Red Rewards Visa 1 29 25. It is issued on the Visa network and the filing runs four 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.

The interest-free window

This agreement opens at 0% for 12 months, the only period in the document where carrying a balance is free.

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

The go-to rate is 24.5%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $278 a year on $1,000.

Valued honestly, 12 months at zero on $1,000 avoids about $278 of interest compared with the go-to rate — the whole of what the promotion delivers.

How the purchase rate compares

Purchases price between 16.5% and 24.5% under this filing. The 8-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 41st percentile of filed purchase rates; the ceiling sits at about the 59th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

Translating the rate into money

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $333 in interest.

On a median-priced agreement from this index (21.99%) the same $1,200 would run about $295 a year, so this card costs in the region of $38 more annually for the identical balance.

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

Charges beyond interest

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 20.5%. $133 is the crossover point where the percentage overtakes the $4 minimum.

The filing discloses a 16.5% balance transfer rate without an accompanying fee figure.

Foreign transactions attract 2%. On $1,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

Grace period and minimum charge

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

The downside terms

On the fee side, a late payment can cost up to $39, which is around the 63rd percentile here.

Inside Simmons Bank's filed lineup

124 separate Simmons Bank filings appear in the corpus. Their disclosed purchase rates run from 18.25% to 28.24%, and this one at 24.5% is more expensive than 55 of them.

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.

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.

Reading the agreement yourself

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

In short

24.5% 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.