Tabular Signature

The Tabular Signature 1 29 25 filing from Simmons Bank sets out a purchase APR of 16.5%–24.5%, no annual fee and a 12-month 0% opening period. That purchase rate ranks near the 59th percentile across this corpus of 4,587 filings.

What this filing discloses

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

On the record here: 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 $555 a year on $2,000.

Put the other way round, the 12-month zero rate is worth roughly $555 on a $2,000 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.

The purchase APR against the corpus

Rather than a single purchase rate, the document gives a band — 16.5% at the bottom, 24.5% at the top, 8 points wide. The agreement discloses the range without disclosing how an account is placed within it.

Read against the index, the low end ranks around the 41st percentile and the high end around the 59th — the band straddles a wide stretch of the market this corpus describes.

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

Carry $3,000 on this card for a year without paying it down and the purchase rate alone generates roughly $833 in interest.

A card priced at the corpus median of 21.99% would charge roughly $738 on that balance. This one charges about $95 more per year.

Broken down to a single thirty-day cycle, the same balance accrues roughly $61.

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.

Where the fees are

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.

For cash advances the filing discloses a cash advance fee of $4 or 3% of the advance, whichever is greater and a cash advance APR of 20.5%.

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

Foreign transactions attract 2%. On $1,500 of overseas spending that is $30, charged on top of whatever exchange rate applies.

The no-interest path

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

When a payment is late

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

Inside Simmons Bank's filed lineup

There are 124 filings from Simmons Bank in this index. Across that lineup purchase rates span 18.25% to 28.24%; this filing's 24.5% sits above 55 of the comparable ones.

What is outside the disclosure

Absent from the captured terms: penalty pricing. The original document is the place to look for any of these.

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

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.