Simmons Visa® Review | finder US

Review: Simmons Visa® – August 2018

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money.

Welcome to one of the lowest variable APR credit cards in the market, the Simmons Visa®

The Simmons Visa® offers multiple perks, and has been named best credit card by numerous publications. The card is accessible worldwide, and is accepted anywhere that takes Visa. The Simmons Visa® isn’t just an emergency expense tool. It also provides multiple benefits, including travel insurance and rental car coverage.

Product NameSimmons Visa®
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases10% variable
Cash Advance Rate14% variable
Cash Advance Fee$4 or 3% of the cash advance amount, whichever is greater
Foreign Transaction Fee2% of the transaction value
Interest Free PeriodUp to 25 days
Minimum Interest$0
Late Payment Fee$35
Returned Payment Fee$35
Additional Cardholder Fee$0
Minimum Age18 years of age

Simmons Visa® Review

If you’re tired of paying down your monthly balances with a high APR, the Simmons Visa® may be worth exploring. Formerly known as the Simmons Bank Visa® Platinum, this card has a 10% variable variable interest rate, and includes several helpful benefits. Transaction fees are low, and there are no annual or balance transfer fees.

Take advantage of the card’s many features, including global acceptance, up to $1,000,000 coverage in travel insurance, Visa Auto Rental Insurance and Emergency Cash and Credit Card Replacement protection. However, the Simmons Visa® does not offer rewards.

Benefits of the Simmons Visa®

  • Global acceptance. This card is accepted anywhere that takes Visa, and allows you to withdraw cash from ATMs worldwide.
  • Travel insurance. Travel insurance covers up to $1 million. This accidental death and dismemberment coverage applies when you purchase common carrier tickets with your Simmons Visa®. Travel insurance is included with the card, for free.
  • No annual fee. You can enjoy a $0 annual fee.
  • Car rental loss/damage waiver. Visa Auto Rental Insurance is included with your card, and provides protection from damage, theft and vandalism. To utilize this feature, you must decline the auto rental company’s collision waiver.
  • Alerts. Sign up to receive alerts on your phone and email. If Simmons Bank suspects fraudulent activity on your card, they’ll contact you immediately. You can protect up to 10 Simmons Bank cards. Up to 10 mobile numbers can receive notifications.

Features

  • Statements. If you suspect there’s an error on your account statement, you can submit your claim to the company in writing, within 60 days of the statement’s mailing date.
  • Transaction fees. As a cardholder, you don’t have to pay a fee for balances transferred. The foreign purchase transaction fee is 2%. For cash advances, you have to pay a fee of 3% of the amount of each cash advance, but not less than $4.
  • Credit score. Excellent credit is required. Applicants that do not have excellent credit will not be approved.
  • Emergency cash and credit card replacement. If you are traveling and your card gets lost or stolen, you are covered by the Emergency Cash and Credit Card Replacement feature.

How to apply for a Simmons Visa®

Eligibility criteria

  • Excellent credit
  • US citizen
  • If you are under 21 years old, and want to increase your account’s credit limit, you must first get it approved in writing.

Required documents & information:

  • Full name
  • Residential address
  • Social Security number
  • Birthdate
  • Email address
  • Proof of employment and income amount

Bottom line

If you’re looking for a credit card with few fees, and a low interest rate, the Simmons Visa® card could be a helpful solution. Before choosing the Simmons Visa®, be sure to check out other cards similar to it.

Back to top

Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy and Cookies Policy and Terms of Use.

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?

Go to site