Simmons Visa® review
Get a low APR on purchases and balance transfers on top of a balance transfer intro APR.
finder.com’s rating: 4.1 / 5
- Get this card if you want a low APR on balance transfers and purchases.
- Pick something else if you want a 0% intro purchase APR.
- Apply with an excellent credit score of 740 or higher.
Purchase APR (variable)
Intro balance transfer
for the first 12 months (then 8.25% variable)
Balance transfer APR (variable)
Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.
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 an intro APR on transfers and no fees for transfers made after the promo period.
How to apply for the Simmons Visa®
- Go to the Simmons Bank site and click Apply online. Then click the checkbox and I agree to proceed.
- Complete the application form with your personal and financial information.
- Review your application and submit it.
- Annual fee: None. A $0 annual fee makes it easy to keep the Simmons Visa® long term.
- Low interest rate. Receive a 8.25% variable APR on purchases and balance transfers. For cash advances and convenience checks, you’ll receive a 12.25% 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.
- Balance transfer perks. The intro balance transfer APR, low revert rate rate and no balance transfer fees for transfers requested outside of the promo period makes the Simmons Visa® a valuable balance transfer card. You can either take advantage of the intro APR period or choose to make a zero-fee balance transfer after that period to help you 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 purchase APR. The Simmons Visa® comes with a relatively low APR for purchases and balance transfers, but it doesn’t offer a 0% intro APR on purchases. You’ll find plenty of other cards that offer this.
Compare balance transfer credit cards
How does a balance transfer work with this card?
- Apply for the card. You can make a balance transfer when you open your credit card. If you don’t want to, you can 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.
- 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 8.25% 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 an excellent credit score of 740 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.
Simmons Visa® reviews and complaints
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, and it holds no rating at the agency. As of October 2020, it has five negative reviews.
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.
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 with long-term balance transfer period.
Compare Simmons Bank credit cards
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