Tabular Simmons Visa

Simmons Bank's filed agreement for Tabular Simmons Visa 3 23 23 discloses a purchase APR of 15%–23%, no annual fee and a 12-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 54th percentile.

The disclosed terms

Simmons Bank filed this agreement for Tabular Simmons Visa 3 23 23 with the Consumer Financial Protection Bureau. 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. No figure appears for a penalty rate and a grace period.

The promotional period

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.

What matters more than the promotion is the rate waiting behind it: 23%. A $3,000 balance that survives the promotional window costs roughly $776 a year from that point on.

The promotional window is therefore worth something on the order of $776 on $3,000, measured against the same balance priced at the standard rate for the same period.

Where the purchase APR sits

Purchases price between 15% and 23% under this filing. The 8-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

The floor of that band sits at about the 34th percentile of filed purchase rates; the ceiling sits at about the 54th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

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

The arithmetic of revolving

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $776 in interest.

On a median-priced agreement from this index (21.99%) the same $3,000 would run about $738 a year, so this card costs in the region of $38 more annually for the identical balance.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Charges beyond interest

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 19%. $133 is the crossover point where the percentage overtakes the $4 minimum. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Transferred balances are priced at 15%; no separate transfer fee was captured from the filing.

Foreign transactions attract 2%. On $1,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

The downside terms

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

Against the rest of Simmons Bank's filings

This is one of 124 Simmons Bank agreements collected here. The issuer's own range is 18.25%–28.24%. At 23%, this agreement is dearer than 31 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.

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

23% 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.