Simmons Visa® review | finder.com

Simmons Visa® review – October 2018

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Get a low APR on purchases and balance transfers on top of no balance transfer fees.

30-second take

  • Get this card if you don’t want to pay balance transfer fees and you want a low APR on balance transfers and purchases.
  • Pick something else if you want a 0% intro APR.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameSimmons Visa®
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases10.25% variable
Cash Advance Rate14.25% variable
Foreign Transaction Fee2% of the transaction value
Cash Advance Fee$4 or 3% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $35
Returned Payment FeeUp to $35
Rates & FeesRates & Fees
Minimum Age18 years of age

The basics

The Simmons Visa® is easily overlooked, but it’s a strong product. Few cards beat it for a low APR on purchases and balance transfers.

The card can also be a great pick for balance transfers, with no fees for all transfers. Just keep in mind that those balances will start accruing interest immediately at a 10.25% variable APR.

The perks

  • Annual fee: None.

    A $0 annual fee makes it easy to keep the Simmons Visa® long term.

  • Low interest rate.

    Receive a 10.25% variable APR on purchases and balance transfers. For cash advances and convenience checks, you’ll receive a 14.25% variable APR.

    The purchase and balance transfer APR is a good rate at a full 6% lower than the average credit card APR of around 16%. This makes the Simmons Visa® a good choice if you plan to carry balances month to month.

  • No balance transfer fees.

    The low rate and no balance transfer fees combined with the $0 annual fee makes the Simmons Visa® a valuable balance transfer card. You can make a zero-fee balance transfer, and pay off the debt over time. It’s similar to taking out a personal loan, without origination and processing fees.

You’ll also like …

  • Travel benefits.

    Receive up to $1 million in travel accident insurance and free car rental coverage when you book travel with your card.

What to watch out for

  • No 0% intro APR. The Simmons Visa® comes with a relatively low APR for purchases and balance transfers, but it doesn’t offer a 0% intro APR. You’ll find plenty of other cards that offer this.

Consider other cards if …

Simmons Visa with a reward

Compare balance transfer credit cards

Name Product Annual Fee Credit Score Min. Intro Balance Transfer APR Reward Value per Dollar Secured or Unsecured Introductory Balance Transfer APR APR (Annual Percentage Rate) for Purchases Annual Fee Minimum Credit Score
680
0%
1
Unsecured
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$0
Fair (660-699)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
680
0%
1.5
Unsecured
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$0
Fair (660-699)
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. You will receive the cash back in the form of a statement credit. Rates & Fees
720
0%
Unsecured
0% for the first 15 months (then to variable)
13.99% variable
$0
Good (700-739)
A low, variable APR on purchases, balance transfers and cash advances.
95
680
0%
1
Unsecured
0% for the first 12 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$95
Fair (660-699)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
680
0%
1.5
Unsecured
0% for the first 15 months (then 14.74%, 18.74% or 24.74% variable)
14.74%, 18.74% or 24.74% variable
$0
Fair (660-699)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
680
0%
Unsecured
0% for the first 18 months (then 12.74%, 16.74% or 20.74% variable)
12.74%, 16.74% or 20.74% variable
$0
Fair (660-699)
An 18-month 0% Intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
195
0%
1
Unsecured
0% for the first 15 billing cycles (then to variable)
16.99% variable
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
495
715
0%
1
Unsecured
0% for the first 15 billing cycles (then to variable)
16.99% variable
$495
Good (700-739)
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
680
0%
1
Unsecured
0% for the first 15 months (then 14.74% to 25.74% variable)
14.99% to 25.99% variable
$0
Fair (660-699)
Earn 10,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months.
680
0%
Unsecured
0% for the first 15 months (then 16.74% to 25.49% variable)
16.74% to 25.49% variable
$0
Fair (660-699)
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
680
0%
Unsecured
0% for the first 15 statement closing dates (then 14.74% to 24.74% variable)
14.74% to 24.74% variable
$0
Fair (660-699)
Transfer high rate balances and save on interest with an Introductory $0 balance transfer fee for the first 60 days your account is open. After that, the fee for future balance transfers is 3% (min. $10).
690
0%
1.5
Unsecured
0% for the first 15 months (then 16.74% to 25.49% variable)
16.74% to 25.49% variable
$0
Fair (660-699)
Earn unlimited 1.5% cash back on every purchase - it's automatic. No minimum to redeem for cash back.
720
0%
1
Unsecured
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
14.99% to 24.99% variable
$0
Good (700-739)
Earn more cash back for the things you buy most.
NASA Federal Platinum Advantage Rewards Credit Card
NASA Federal Platinum Advantage Rewards Credit Card
680
17.99%
1
Unsecured
17.99% for the first 90 days (then 11.65% to 17.99% variable)
11.65% to 17.99% variable
$0
Fair (660-699)
Enjoy perks and save money while gaining points that never expire with every purchase.
620
Secured
13.25% variable
$0
Poor (Below 660)
A great way to establish or improve your credit history.
300
10.99%
1
Secured
10.99% for the first 6 months (then to variable)
24.99% variable
$0
Poor (Below 660)
2% Cashback at restaurants or gas stations on up to $1,000 in combined purchases each quarter. Plus 1% cash back on all other credit card purchases.
24
300
Secured
25.74% variable
$24
Poor (Below 660)
Build, or rebuild, your credit with each purchase.
35
350
Secured
11.65% to 21.65% variable
$35
Poor (Below 660)
Get a card that can help you build credit. Determine your own credit limit. When you apply, you'll open a two-year certificate of deposit (CD) with $250 to $5,000. The balance of your CD is your credit limit.
35
350
Secured
11.65% to 21.65% variable
$35
Poor (Below 660)
You can get travel benefits (no foreign transaction fees), retail benefits and collision damage waiver coverage on your rental car.
650
Unsecured
22.98%, 25.98% or 28.98% variable
$0
Poor (Below 660)
Enjoy no annual fee, plus access to valuable benefits.

Compare up to 4 providers

How does a balance transfer work with this card?

  1. Apply for the card. You can make a balance transfer when you open your credit card. If you don’t want to, you can always request one later. To make a balance transfer, you’ll need the account number of your existing balance. You’ll also need personal information like your income, employment details and Social Security number. For each transfer, you’ll pay no fees.
  2. Understand the card’s interest rate. Simmons Bank doesn’t offer an intro APR on balance transfers for this card. Once you transfer a balance, it will start accruing interest at a 10.25% variable APR. If you’re unsure about any balance transfer details, contact Simmons Bank support.

What should I know before I apply?

To apply for the Simmons Visa®, you must be at least 18 years old.

Information you’ll need

  • Your full name and contact information.
  • Your residential status.
  • Your annual income, source of income and employment information.
  • Your Social Security number.

What credit score do I need?

You’ll have a better chance of being approved for this card if you apply with a good to excellent credit score of 670 or higher.

Here are a few other factors that might affect your odds of approval:

  • Hard pulls on your credit report. If you have several hard inquiries — or hard pulls — on your report, it could imply you’re having trouble managing your debt. Simmons Bank might think you’re desperate for credit and may be less likely to take you on as a customer.
  • Factors that tie into your credit score. Your credit utilization is a major factor Simmons Bank considers. The bank prefers a customer with low balances relative to their credit limit. Having many new card accounts may be a red flag too, as it could indicate you’re desperate for credit. It may also give the impression that you’re a flighty customer who’s just hunting for signup bonuses.

What do customers say about the Simmons Visa®?

Many Simmons Visa® customers point out the card’s low interest rate and zero balance transfer fees as a huge boon.

Simmons Bank is not accredited with the Better Business Bureau, but it earns an A+ rating from the agency. As of this writing, it has two negative reviews.

How to apply for the Simmons Visa®

  1. Go to the Simmons Bank site and click Apply online. Then click the checkbox and I agree to proceed.
  2. Complete the application form with your personal and financial information.
  3. Review your application and submit it.

Simmons visa application form

I got the card. Now what?

  • Make payments on time. Register an account on the Simmons Bank site to pay your balance online. You can also enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period of at least 25 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. For each late payment, you’ll incur a fee of up to $35.
  • Contact customer service. If you have questions about your account, call the number on the back of your card. Alternatively, call 800-272-2102 for the Consumer Credit Cards help line.

Bottom line

The Simmons Visa® is a surprisingly strong choice because of its low APR on purchases and balance transfers. If you want to make a balance transfer, you’ll also like that you won’t pay fees.

Not sure if the Simmons Visa® is right for you? There are many other great options, including low-APR credit cards, balance transfer cards with rewards and cards for long-term balance transfers.

Frequently asked questions

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Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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2 Responses

  1. Default Gravatar
    PilafMay 10, 2018

    Three years ago, I was the victim of credit card fraud, grand theft, auto theft, etc. Prior to that, I had excellent credit. The culprit turned out to be a family member. He was charged & convicted. I have always paid my bills on time. I am a senior. Will the above scuttle my chances to obtain a credit card again?

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