Tabular Signature

On the record for Tabular Signature 2 02 23: a purchase APR of 16.75%–24.75%, no annual fee and a 12-month 0% opening period, filed by Simmons Bank. Against the 4,587 filings on this site, that rate lands around the 60th percentile.

What this filing discloses

Simmons Bank filed this agreement for Tabular Signature 2 02 23 with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs three pages.

The filing is explicit about 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.

Zero percent, and then what

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

About 458 agreements in this corpus carry a zero-percent opening rate; this is one of them.

Behind the promotion sits a 24.75% purchase rate. On $1,000 that is in the region of $281 a year once the window closes.

Put the other way round, the 12-month zero rate is worth roughly $281 on a $1,000 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 rate in context

The purchase APR is quoted as a range of 16.75% to 24.75%. That 8-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

Those two numbers occupy very different places in the corpus: roughly the 43rd percentile at the bottom and the 60th at the top.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

What the rate means in dollars

Carry $1,500 on this card for a year without paying it down and the purchase rate alone generates roughly $421 in interest.

On a median-priced agreement from this index (21.99%) the same $1,500 would run about $369 a year, so this card costs in the region of $52 more annually for the identical balance.

Per statement cycle that is on the order of $30.82 on $1,500, 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.

What a missed payment costs

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

Charges beyond interest

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.

Cash advances carry a cash advance fee of $4 or 3% of the advance, whichever is greater and a cash advance APR of 20.75%. $133 is the crossover point where the percentage overtakes the $4 minimum.

The filing discloses a 16.75% 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.

The issuer's other agreements

This is one of 124 Simmons Bank agreements collected here. The issuer's own range is 18.25%–28.24%. At 24.75%, this agreement is dearer than 67 of its siblings.

What is outside the disclosure

This page cannot tell you a grace period and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

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

In short

At 24.75% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.