Simmons
First Credit Card
With 8 affiliate banks across Arkansas, Simmons First National Corporation is considered to be one of the biggest
community banks in the state.
Aside from banking services, it also offers 5 different types of Visa credit cards to its clients: the Visa
Platinum, the Student Visa Platinum, the Visa Gold Select, the Visa Classic, and the Visa Platinum Travel Rewards
card. Each Simmons First Credit Card is accepted at all retail stores and ATMs worldwide that take
Visa. Each card also features a travel accident insurance of $1,000,000 and car rental loss/damage insurance. Both
the Visa Gold Select and the Visa Platinum Travel Rewards card have an emergency cash or credit card replacement
program for travelers who have reported a lost or stolen card.
The Visa Platinum is the basic Simmons First credit card. It has two versions, the Student Visa Platinum and the
regular Visa Platinum. Both credit cards feature a 7.25% variable APR for purchases and balance transfers and a
15.25% penalty APR (for the regular Visa Platinum). Other APRs include a cash advance and a convenience check APR
of 11.25%, both of which have a penalty rate of 16.25%. This Simmons First credit card gives a grace period of 25
days and uses the average daily balance method to compute for rates and fees. Transaction fees for this Simmons
First credit card include a cash advance or convenience check fee of 3% of the amount (minimum of $4 and maximum of
$50). Late payments are also charged a $29 late payment fee.
The Visa Gold Select and the Visa Classic offer the same features as the Visa Platinum but with a slightly higher
APR. Each Simmons First credit card features a 10.25% variable APR for purchases and balance transfers. For cash
advances and convenience checks, the APR is a variable 14.25%. A penalty APR of 26.25% may also be imposed when
deemed necessary. Each Simmons First credit card also offers a 25-day grace period and a zero annual fee. For other
transactions such as cash advances and convenience checks, a 3% ($4 minimum and $50 maximum) transaction fee will
be required. For late payments, a $29 penalty fee is imposed.
The Visa Platinum Travel Rewards card is the only Rewards credit card from Simmons First. Aside from the usual
features attached to a Simmons First credit card, this card gives one rewards point for every net dollar charged.
Rewards include airlines tickets (with no restrictions or black-out dates), hotels, vacation packages, cruises,
restaurants, and car rental. This Simmons First credit card features a 9.25% variable APR for purchases
and balance transfers and a 13.25% APR for cash advances and convenience checks. A penalty rate of 16.25% may be
given to cardholders deemed delinquent by the company. This card also features a 25-day grace period, a zero annual
fee, and a zero balance transfer fee. For other transactions such as cash advances and convenience checks, however,
a 3% transaction fee (minimum of $4 maximum of $50) is required. For late payments, a $29 fee will also be
imposed.
Source: Credit Cards For People With Bad Credit Rating
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