Credit Card Review & Application
|Issuer:||Simmons First Bank|
|Card Category:||Consumer (Premium)|
|Card Type:||- Low Interest Credit Card|
The Simmons First Visa Platinum is a credit card for consumers having excellent credit. It charges a very low interest rate that remains fixed throughout the duration of card membership. It does not offer a reward program or have an introductory period on purchases and balance transfers.
This card does not offer a reward program but depending on your need for a credit card, this feature or lack thereof may not mean anything to you. A fixed and standard rate of 7.25% is more than enough compensation. This rate applies to most of your transactions including purchases. And a fixed rate will give you the freedom to plan ahead as your interest does not change with U.S. prime rates. Plus the card provides a grace period of at least 25 days.
Travellers who charge initiate and complete travel expenditure using this card will receive automatic enrolment into the travel insurance program. The insurance covers common carriers including rail, air line, and cruise line. Anytime you purchase a common carrier ticket as cardholder, you'll get coverage of up to $1 million. This Travel Accident Insurance cover comes at no extra cost to all cardholders.
Anytime you're away from home and need a ride, the car rental loss/damage waiver will give you the peace to make use of a rental car. To enjoy this cover you must complete the entire car rental transaction using this card. You must also decline the collision damage waiver presented by the rental company and met certain conditions in terms of the rental agreement. The Visa Auto Rental Insurance covers for damages as a result of collision and theft to the actual cash value of most rental cars.
Emergency Cash and Card Replacement makes it easier to report lost and stolen cards. A dedicated number is available for this purpose.
The Simmons First Visa Platinum comes with Global Acceptance. It is serviced on the Visa network, one of the most accepted card networks worldwide. You can get cash at millions of designated ATMs worldwide, pay online or by phone, and do regular shopping in over 24 million outlets accepting the Visa brand. And most retailers who accept a credit card would have Visa on the list.
|Other Benefits:||- Auto Rental Insurance|
- Car rental Loss/Damage waiver
- Travel Accident Insurance
- $1,000,000 VISA Platinum credit card coverage
- Emergency cash replacement
- Emergency card replacement
|Online Account Access:||Yes|
|APR on Purchases:||7.25% *|
|Grace Period:||25 days*|
|Min Finance Charge:||$0.50|
|Late Payment Fee:||$29.00*|
|Over Limit Fee:||$29.00|
|APR Cash Advances:||11.25%|
|Cash Advance Fee:||3.00%|
|Additional Fees||Convenience Check: 11.25%|
Penalty Rate: 15.25%
Transaction Fee for Convenience Checks: 3.00% of the amount, but not less than $4.00 nor more than $50.00
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† The information provided for Simmons First Visa Platinum is believed to be accurate at the time of evaluation (Mar 13, 2013). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.