Tabular Signature

Simmons Bank's filed agreement for Tabular Signature 5 04 23 discloses a purchase APR of 17.25%–25.25%, no annual fee and a 12-month 0% opening period. The purchase rate sits at roughly the 61st percentile of the 4,587 agreements indexed here.

On the face of the filing

The document behind this page is Simmons Bank's filed agreement for Tabular Signature 5 04 23. It is issued on the Visa network and the filing runs three 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 and a grace period.

The interest-free window

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.

The go-to rate is 25.25%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $287 a year on $1,000.

The promotional window is therefore worth something on the order of $287 on $1,000, measured against the same balance priced at the standard rate for the same period.

How the purchase rate compares

This is a tiered agreement: the filing discloses a purchase APR anywhere from 17.25% to 25.25%, 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.

Read against the index, the low end ranks around the 46th percentile and the high end around the 61st — the band straddles a wide stretch of the market this corpus describes.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

Translating the rate into money

A $1,000 balance left untouched for twelve months accrues about $287 in interest at this purchase rate.

Against the corpus median of 21.99%, that is approximately $41 a year of extra interest on the same $1,000.

Per statement cycle that is on the order of $20.96 on $1,000, which is the number that actually shows up on a bill.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

What a missed payment costs

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

Where the fees are

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Cash advances carry a cash advance fee of $4 or 3% of the advance, whichever is greater and a cash advance APR of 21.25%. Advances under roughly $133 are charged the flat $4; larger ones are charged 3%.

Transferred balances are priced at 17.25%; no separate transfer fee was captured from the filing.

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

Against the rest of Simmons Bank's filings

Simmons Bank has 124 agreements indexed on this site. The issuer's own range is 18.25%–28.24%. At 25.25%, this agreement is dearer than 78 of its siblings.

The limits of this document

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

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Reading the agreement yourself

The original filing, 3 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

At 25.25% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. Because there is no annual fee, everything depends on the revolving behaviour: used as a payment instrument and cleared monthly, this agreement costs nothing.