The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

  • Simmons Visa®

    A fantastic low-interest card that comes with no annual fees

    • NoneRewards Rate
    • 15.50% – 23.50% VariableAPR
    • $0Annual Fee
    • ExcellentRecommended Credit

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The Simmons Visa® is a basic credit card with no rewards or VIP perks. However, its selling point is its low interest rates and lack of annual fees. This makes it the best option for those looking to consolidate debt or maintain good credit. Balance transfers made within the first 60 days of opening an account get 12 months interest-free after a 3% or $10 fee or the transferred debt, whichever is greater. Once the 12 months are up, there is a 15.25% – 23.25% variable APR on purchases and balance transfers.

Simmons Visa® Overview

Quick Take

  • Pay no annual fees for as long as your account remains active.
  • Benefit by paying low APR on cash advances, purchases and balance transfers.
  • Use the intro balance transfer offer to pay off other credit card debt.
  • Pay no balance transfer fees for transfers initiated after the intro period.
  • Auto rental collision damage waiver provides reimbursement for damage due to theft or collision up to the actual value of most rental vehicles.
  • Get up to $1,000,000 in travel accident insurance, should the need arise.

Important Card Details

Before applying for the Simmons Visa card, make sure to understand all the fees and interest rates that come with it.

  • lowInterestAPR icon

    Low Annual Percentage Rate (APR)

    The variable APR of 15.25% – 23.25% for the Simmons Visa® applies to both purchases and balance transfers. For cash advances, cardholders can enjoy a variable APR of 19.25% – 27.25%, which is low compared to other cards.

  • balanceTransfer icon

    Introductory Balance Transfer Fee

    For balance transfers made within the first 60 days of acquiring the Simmons Visa® card, cardholders need to pay a fee of 3% or $10, whichever is higher. This means that if you transfer a balance of $5,000 within the first 60 days, you will need to pay a fee of $150. This 3% fee can eat away at any savings you can make compared to credit cards with no balance transfer fees.

  • noForeignTransactionFee icon

    Foreign Transaction Fee

    The Simmons Visa® card has a foreign transaction fee of 2%. This means that for every $100 spent abroad, an additional $2 fee will be charged to your account.

Additional Benefits

Beyond the low interest rates and zero annual fees, Simmons Visa® cardholders can benefit from a host of additional perks that the card has.

  • Low interest rate: The card’s biggest selling point is the ongoing 15.25% – 23.25% variable APR. This is one of the lowest rates available.
  • Zero annual fee: The Simmons Visa® card doesn’t charge an annual fee.
  • Car rental and travel accident insurance: Cardholders can benefit from valuable protection and peace of mind on a trip, knowing that the Simmons Visa® card offers some form of coverage in case of an accident.
  • 24/7 customer service: Simmons Visa® cardholders benefit from Simmons Bank’s great customer service, which is available 24/7.
  • Great customer satisfaction: Cardholders can rest easy knowing that Simmons Bank takes care of their clients. The bank ranked within the top three in the South Central region of J.D. Power’s Retail Banking Satisfaction study in 2020, which analyzed customer satisfaction in the area.
  • Easy mobile banking: Through the Simmons Bank mobile application, cardholders can easily view their balance and manage other accounts they may have with the bank.

How the Simmons Visa® Compares To Other Cards

The Simmons Visa® is undoubtedly one of the best low interest credit cards out there, but it may be lacking for some who want the benefits that come with other cards. There are some low interest credit cards that come with a few more perks, but how it ultimately compares to other cards will depend on what you’re looking for.

How the Simmons Visa® Compares

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Simmons Visa®

  • Annual Fee: $0
  • Purchase APR: 15.25% – 23.25% Variable
  • Introductory APR on Balance Transfers: 0% for 12 months for transfers made within 60 days of account opening
  • Rewards Rate: None
  • Mini Verdict: Best for those who want super low interest rates.
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Simmons Rewards Visa Signature®

  • Annual Fee: $0
  • Purchase APR: 17.25% – 25.25% Variable
  • Introductory APR on Balance Transfers: 0% for 12 months for transfers made within 60 days of account opening
  • Rewards Rate: 1.25 points per dollar
  • Mini Verdict: Best for those who want relatively low interest and rewards.

Frequently Asked Questions

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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