Tabular Simmons Visa

Simmons Bank's filed agreement for Tabular Simmons Visa 11 03 22 discloses a purchase APR of 14%–22%, no annual fee and a 12-month 0% opening period. That purchase rate ranks near the 50th percentile across this corpus of 4,587 filings.

On the face of the filing

The document behind this page is Simmons Bank's filed agreement for Tabular Simmons Visa 11 03 22. The filing runs three 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 and a grace period.

The promotional period

A 12-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

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

What matters more than the promotion is the rate waiting behind it: 22%. A $2,500 balance that survives the promotional window costs roughly $615 a year from that point on.

Valued honestly, 12 months at zero on $2,500 avoids about $615 of interest compared with the go-to rate — the whole of what the promotion delivers.

How the purchase rate compares

Rather than a single purchase rate, the document gives a band — 14% at the bottom, 22% 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 27th percentile of filed purchase rates; the ceiling sits at about the 50th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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 a balance actually costs

The purchase rate turns a $2,000 revolving balance into roughly $492 of annual interest.

The corpus median of 21.99% produces practically the same bill, so on carrying cost this card is unremarkable.

Broken down to a single thirty-day cycle, the same balance accrues roughly $36.48.

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.

The fee structure

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.

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 18%. The two halves of that fee cross at about $133: below it the flat $4 applies, above it the percentage does.

Transferred balances are priced at 14%; no separate transfer fee was captured from the filing.

The filing sets a 2% foreign transaction fee, which adds roughly $40 to $2,000 spent outside the United States.

When a payment is late

The maximum late fee is $39 — roughly the 63rd percentile of the late fee ceilings disclosed across this index.

Inside Simmons Bank's filed lineup

There are 124 filings from Simmons Bank in this index. Their disclosed purchase rates run from 18.25% to 28.24%, and this one at 22% is more expensive than 19 of them.

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

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.

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.

Reading the agreement yourself

The filed PDF is linked from this page and runs three pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

22% 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.