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Simmons Visa® review

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Get a low APR on purchases and balance transfers on top of a balance transfer intro APR.

  • 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.

$0

Annual fee

10.25%

Purchase APR (variable)

0%

Intro Balance Transfer

for the first 12 months (then 10.25% variable)

10.25%

Balance Transfer APR (variable)

Details

Product NameSimmons Visa®
Card typeVisa
Annual fee$0
Purchase APR10.25% variable
Balance transfer APR0% intro for the first 12 months (then 10.25% variable)
Balance transfer fee$10 or 3% of transfer during promo or $0 after promo
Balance transfer fee description$10 or 3% of transfer during promo or $0 after promo
Cash advance rate14.25% 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
Late payment feeUp to $35
Returned payment feeUp to $35

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 an intro APR on transfers and no fees for transfers made after the promo period.

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.

  • 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.

A similar Simmons card with rewards

Compare balance transfer credit cards

%
Name Product Amount saved Balance transfer APR Balance transfer fee Recommended minimum credit score Filter values
0% intro for the first 18 months (then 12.99% to 20.99% variable)
$10 or 4% of the transaction, whichever is greater
700
An 18 months 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
0% intro for the first 15 months (then 16.24%, 22.24% or 26.24% variable)
3%
670
Earn unlimited 1.5% cash back on every purchase, every day.
0% intro for the first 12 months (then 14.99% to 24.99% variable)
$10 or 4% of the transaction, whichever is greater
700
Earn 3% cash back on up to $10,000 in the first 12 months, then 1.5% on all purchases. See Rates and Fees.
0% intro for the first 12 billing cycles (then 15.74% to 25.24% variable)
$5 or 3% of the transaction, whichever is greater
670
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus. Rates & Fees
0% intro for the first 12 months (then 14.74% to 25.74% variable)
$5 or 3% of the transaction, whichever is greater
680
Earn $250 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & fees

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 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 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.

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.
Compare Simmons Bank credit cards

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2 Comments

  1. Default Gravatar
    Pilaf
    May 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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