Credit Card Review & Application

Simmons Bank Visa Platinum


out of 5

- Excellent Credit Required - Applicants that do not have excellent credit will not be approved
- Low 9.75 variable standard purchase APR and platinum benefits
- No balance transfer fee for balances transferred in response to this online offer
- No Annual Fee

Introductory APR: 0%*
Introductory Period: 12 months on BT
APR on Purchases: 9.75% (variable)*
Annual Fee: $0*
Card Issuer: Simmons First Bank
Card Network: VISA®
Card Category: Consumer (Premium)
Card Type: - Instant Decision Card
- Low Interest Credit Card
Credit Needed: Excellent*

The Simmons Bank 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 Bank 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.

The review prepared by . Opinions expressed therein are solely those of the reviewer.

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
Introductory APR: 0%*
Introductory Period: 12 months on BT*
APR on Purchases: 9.75% (variable)*
Annual Fee: $0*
Grace Period: 25 days*
Min Finance Charge: $0.50
Late Payment Fee: $29.00*
Over Limit Fee: $29.00
Balance Transfer: Yes
Transfer Fee (%): 3.00%
Minimum Fee: $10.00
APR Cash Advances: 13.75%
Cash Advance Fee: 3.00%
Minimum Fee: $4.00
Additional Fees Convenience Check: 11.25%
Foreign Transaction Fee: 2%
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

We do not offer online application for this card at the moment.

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* The information provided for Simmons Bank Visa® Platinum is believed to be accurate at the time of evaluation (Aug 2, 2020). We strongly advise visitors to review the terms and conditions to verify accuracy of the information and fees posted prior to applying for the product.

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