Tabular Red Rewards Visa

Simmons Bank's filed agreement for Tabular Red Rewards Visa 3 19 25 discloses a purchase APR of 16.5%–24.5%, no annual fee and a 12-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 59th percentile.

What the document actually states

Simmons Bank filed this agreement for Tabular Red Rewards Visa 3 19 25 with the Consumer Financial Protection Bureau. The filing runs four pages, and It is issued on the Visa network.

On the record here: a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

What the promotional rate is worth

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

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Once the introductory period ends the rate becomes 24.5%, which turns a lingering $2,500 balance into approximately $694 of annual interest.

Put the other way round, the 12-month zero rate is worth roughly $694 on a $2,500 balance relative to paying the go-to rate from day one — a real figure, but one that only materialises for someone who was going to carry that balance anyway.

Where the purchase APR sits

This is a tiered agreement: the filing discloses a purchase APR anywhere from 16.5% to 24.5%, a spread of 8 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

Those two numbers occupy very different places in the corpus: roughly the 41st percentile at the bottom and the 59th at the top.

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

A $2,000 balance left untouched for twelve months accrues about $555 in interest at this purchase rate.

On a median-priced agreement from this index (21.99%) the same $2,000 would run about $492 a year, so this card costs in the region of $63 more annually for the identical balance.

Per statement cycle that is on the order of $40.67 on $2,000, which is the number that actually shows up on a bill.

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

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 20.5%. The two halves of that fee cross at about $133: below it the flat $4 applies, above it the percentage does. 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 16.5%; no separate transfer fee was captured from the filing.

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

The downside terms

Late payments are capped at $39 under this filing, about the 63rd percentile of late fee maximums in the corpus.

The no-interest path

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

The issuer's other agreements

Simmons Bank has 124 agreements indexed on this site. The issuer's own range is 18.25%–28.24%. At 24.5%, this agreement is dearer than 55 of its siblings.

On fees, 114 of the 118 sibling filings that disclose an annual fee also set it at zero — this one is among them.

What the filing does not tell you

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Reading the agreement yourself

This summary stands or falls on the linked PDF — four pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 24.5% 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.