What is the average credit score needed to get approved for Simmons Visa?

To get the Simmons Visa, a credit score of 700 or above is required to qualify.

Does Simmons Visa report to all three credit bureaus?

Yes, Simmons Bank reports your account activity to Equifax, Experian and Transunion.

Is the Simmons Visa application process lengthy? Can you prequalify?

No, the application process does not take long. You can apply online or at one of their 200 branches within Texas, Oklahoma, Kansas, Missouri, Arkansas and Tennessee.

What information is needed to apply for the Simmons Visa card?

When submitting your Simmons Visa application, you will have to provide personal information like your name, age, Social Security number, address, employer and annual income. You will also have to provide contact details like your email address and contact number. Authorized users must also be identified upon application.

Does Simmons Visa have good customer service or helpful information online?

Yes, Simmons Visa customer service is available 24/7, and Simmons Bank has a helpful FAQ section on their website .

Does Simmons Visa have a mobile app or the option to pay or manage your account online?

Yes, you can download the Simmons Bank mobile application on your Android or iOS device to manage your account online.

Does Simmons Visa raise credit limits automatically or charge for limit increases?

Yes, your credit limit on a Simmons Visa can increase or decrease automatically based on your financial habits.

Does Simmons Visa offer the option to freeze your credit/account or have other security features?

Yes, you can freeze or lock your account through the Simmons Bank Card Controls application.

Does Simmons offer other credit cards besides the Simmons Visa card?

Yes, Simmons Bank offers the Simmons Rewards Visa Signature and Simmons Bank Foundation Visa.

MoneyGeek’s Take

Simmons Visa Review

With no annual fee and extremely low interest rates, the Simmons Visa card is a practical choice for people who want to build their credit and those who want to get out from under their debt.

Advertising & Editorial DisclosureLast Updated: 4/20/2022

Reviewed By

Alene Laney

Last Updated: 4/20/2022

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 an 8.25% variable APR on purchases and balance transfers.

Card Details to Know Up Front

Bonus, Fee or Feature
Has or Not
Has Annual Fee
Has Balance Transfer Offer
Has APR Offer
Has Rewarding Welcome Offer
Credit Needed
Excellent
Has Balance Transfer Fee
Has Foreign Transaction Fee
High APR

Click to see this card’s rates, fees and how they compare to other cards in our dataset.

OUR REVIEW AT A GLANCE

Credit Card Details at a Glance
Pros & Cons Explained
Bonuses & Rewards Explained
Our Verdict: Is This Card for You?

Simmons Visa at a Glance

If you’re looking for a practical credit card with no frills, the Simmons Visa card might be for you. It has no annual fee as well as a low ongoing APR for purchases and balance transfers.

Simmons Visa®
A fantastic low-interest card that comes with no annual fees
- ExcellentCredit Needed
- None at this timeAPR Offer
- None at this timeAPR Offer Duration
- 0% Intro APR on balance transfersBalance Transfer Offer
- 8.25%APR
Pros
No annual fees
0% APR offer on balance transfers for 12 months
Low ongoing APR on purchases and balance transfers
Highly competitive APR on cash advances
Car rental and travel cover
No balance transfer fees after the intro period

Cons
Cash advance fees
Foreign transaction fees
Balance transfer fees during the first 12 months
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.
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Compare this credit card with other cards with lower interest rates.

Pros & Cons Explained

Given Simmons Visa’s benefits, the card is ideal for some given its low interest and lack of an annual fee. That said, it also comes with some drawbacks that should be noted prior to applying for the card.

Pros

Benefits
Description
Low APR
With an ongoing 8.25% variable APR, the Simmons Visa has one of the lowest interest rates on the market.
No annual fee
Despite the low interest rate, the Simmons Visa does not charge any annual fees for the life of the card.
No balance transfer fees
For the first 12 months of having the card, balance transfers will receive a 0% APR. Note that balance transfers must be made within the first 60 days of card ownership.
Complimentary car and travel insurance
If you intend to travel or go overseas, the Simmons Visa card can provide you with peace of mind thanks to its complementary secondary car insurance and up to $1 million in travel insurance. Keep in mind that this only kicks in if you use the Simmons Visa card to pay for car rental or travel bills.

Cons

Drawbacks
Description
No rewards
Low interest cards like the Simmons Visa card do not come with rewards. It also does not include any cashback, point or mile-earning opportunities.
Difficult to get
Simmons Bank often looks for good credit in order to qualify for their low-interest cards. It’s best suited for those with scores of 700 and above, making it difficult to get for some people.
Foreign transaction fee
The Simmons Visa has a 2% charge for any foreign transactions.

INTERESTED IN COMPARING THE BEST LOW-INTEREST CREDIT CARDS OF 2022?

While the Simmons Visa is featured on our list of best low-interest credit cards, there may be a better option for you. Check out our selection to compare other low-interest credit cards that may suit your needs.

Other Features Explained

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

Card Feature
Description
Low interest rate
The card’s biggest selling point is the ongoing 8.25% 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.

MONEYGEEK EXPERT TIP

"You can pair the Simmons Visa card with a rewards card. Transfer the portion of your balance you won’t pay off from your rewards card to the Simmons Visa to take advantage of the low APR and still get points, miles or other rewards.

If you’re looking to earn more rewards, you can pair this card with the Simmons Rewards Visa Signature. " - Alene Laney, Credit Card Journalist

Understanding the Fine Print

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

Card Feature
Amount or Rate
APR
8.25%
Annual Fee
$0
Balance Transfer Fee
3%
Balance Transfer APR
8.25%
Late Fees
$35.00
Cash Advance Fee
3%
Cash Advance APR
12.25%
Foreign Transaction Fee
2%

Low Annual Percentage Rate (APR)
The variable APR of 8.25% for the Simmons Visa applies to both purchases and balance transfers. For cash advances, cardholders can enjoy a variable APR of 12.25%, which is low compared to other cards.
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.
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.

WHERE TO FIND THIS INFORMATION?

The APR and annual fees are the key things to look at when comparing credit cards with a low interest rate. You can find this on your latest billing state or online account for your current card, and for other cards, you can find it on the card issuer’s website. The fine print and fees can also be found under the credit card agreement database, which is maintained by the Consumer Financial Protection Bureau.

Who Should & Shouldn’t Consider Simmons Visa?

Other Considerations for Simmons Visa

Before deciding on whether or not to get the Simmons Visa, make sure to evaluate your current financial situation. This way, you can determine if getting this card is right for you and your needs.

Things to Consider if This Will Be Your First or Only Credit Card

Before getting the Simmons Visa, there are two things you need to determine, including what you’ll use it for and what your credit score is.

Keep in mind that while the Simmons Visa has a low APR, it offers no rewards or cashback opportunities. This means that if you decide to use it to pay for daily items like groceries or phone bills, you may not be getting the most out of this card. However, if you decide to get it in order to transfer your balance and eliminate your high APR cards to get yourself on track financially, the Simmons Visa card may be good for you.

Consider your credit score as well. The Simmons Visa may automatically not be an option for you if your credit score is not 700 or more.

Things to Consider if This Will Be an Additional Card in Your Wallet

If you’ve built up good credit, the Simmons Visa can work well with other cards in your wallet. For instance, if you have a rewards card with a high APR, purchasing items with the rewards card and transferring the balance to the Simmons Visa can help you take advantage of the low APR.

This also works best with cashback and travel cards. With no annual fees, the Simmons Visa will not be a costly addition to any credit cards you might have.

WHY TRUST OUR REVIEWS

MoneyGeek’s review process for credit cards involves six steps that thoroughly evaluate a card’s benefit for consumers. It involves collecting credit card information from the Consumer Finance Protection Bureau's database, following standardized data points for easy evaluation, estimating spend profiles, factoring in any card bonuses, establishing the value of holding a card for three years and reviewing data to re-rank as needed.

How 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.

Quick Comparison of Simmons Visa

Simmons Visa

Annual Fee: $0
Purchase APR: 8.25%
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.

Simmons Rewards Visa Signature

Annual Fee: $0
Purchase APR: 10.25%
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.

Other Helpful Decision-Making Q&As

Deciding whether to get the Simmons Visa card requires a lot of research and comparison. MoneyGeek has answered a few frequently asked questions about the Simmons Visa below to help you come to a decision.

Still not sure about this card? Consider these options.

If the Simmons Visa doesn’t quite meet your needs, consider comparing other credit cards. You may find that a balance transfer card, a cashback credit card or a low interest rewards card may be best for you.

View All Credit Cards

Learn more about credit cards in general

sources

Consumer Financial Protection Bureau. "Credit card agreement database." Accessed August 26, 2021.
J.D. Power. "2020 U.S. Retail Banking Satisfaction Study." Accessed August 26, 2021.
Simmons Bank. "CREDIT CARD FAQS." Accessed August 27, 2021.
Simmons Bank. "Simmons Visa." Accessed August 27, 2021.

*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.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.