Tabular Simmons Visa

Tabular Simmons Visa 3 24 22, as filed by Simmons Bank, carries a purchase APR of 12.5%–20.5%, no annual fee and a 12-month 0% opening period. Against the 4,587 filings on this site, that rate lands around the 44th percentile.

What this filing discloses

Simmons Bank submitted the terms for Tabular Simmons Visa 3 24 22 to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs three 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.

What the promotional rate is worth

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

Roughly 458 of the 4,587 filings indexed here disclose a zero-percent introductory rate, so this is a real feature of the document but not a rare one.

The go-to rate is 20.5%. Any balance still outstanding when the promotion lapses starts accruing at that figure — about $569 a year on $2,500.

The promotional window is therefore worth something on the order of $569 on $2,500, measured against the same balance priced at the standard rate for the same period.

Where the purchase APR sits

The purchase APR is quoted as a range of 12.5% to 20.5%. 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 20th percentile at the bottom and the 44th 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.

The cost of carrying a balance

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $455 in interest.

Priced at the median of 21.99%, that balance would generate about $492 in a year — so this agreement comes in around $37 cheaper for the same debt.

Broken down to a single thirty-day cycle, the same balance accrues roughly $33.97.

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.

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 16.5%. The two halves of that fee cross at about $133: below it the flat $4 applies, above it the percentage does.

The filing discloses a 12.5% balance transfer rate without an accompanying fee figure.

The filing sets a 2% foreign transaction fee, which adds roughly $60 to $3,000 spent outside the United States.

The downside terms

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

The issuer's other agreements

124 separate Simmons Bank filings appear in the corpus. Their disclosed purchase rates run from 18.25% to 28.24%, and this one at 20.5% is more expensive than 6 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 you cannot learn from the filing

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.

The document itself

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

The pricing here is middling by the standards of the index — 20.5% on purchases is near enough to typical.