Tabular Signature

Simmons Bank's filed agreement for Tabular Signature 11 03 22 discloses a purchase APR of 16%–24%, no annual fee and a 12-month 0% opening period. That purchase rate ranks near the 58th 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 Signature 11 03 22. 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 and a grace period.

The promotional period

The filing discloses a 0% introductory rate running 12 months. For that window, balances covered by the promotion accrue no interest at all.

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%, which turns a lingering $5,000 balance into approximately $1,356 of annual interest.

Valued honestly, 12 months at zero on $5,000 avoids about $1,356 of interest compared with the go-to rate — the whole of what the promotion delivers.

Where the purchase APR sits

Rather than a single purchase rate, the document gives a band — 16% at the bottom, 24% at the top, 8 points wide. The agreement discloses the range without disclosing how an account is placed within it.

The floor of that band sits at about the 39th percentile of filed purchase rates; the ceiling sits at about the 58th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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.

The cost of carrying a balance

Put $1,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $271.

On a median-priced agreement from this index (21.99%) the same $1,000 would run about $246 a year, so this card costs in the region of $25 more annually for the identical balance.

Per statement cycle that is on the order of $19.92 on $1,000, 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 downside terms

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

What the card costs before you borrow

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%. Advances under roughly $133 are charged the flat $4; larger ones are charged 3%.

Transferred balances are priced at 16%; 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.

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% sits above 49 of the comparable ones.

The limits of this document

The disclosure parsed here does not state a grace period and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

The document itself

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

The pricing here is middling by the standards of the index — 24% on purchases is near enough to typical.