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Simmons Bank Introduces New Low Fixed Rate Visa Card @ 7.25% APR

Written by Mike Killian
Posted On: August 11, 2006

 

Why would anyone apply for a credit card from a bank located in Arkansas? The answer is simple. Cards issued by Arkansas banks have historically offered some of the lowest rates in the country.

The latest offering by an Arkansas based bank is no exception. I am referring to the new Simmons First Visa Platinum Card, which boasts a 7.25% fixed purchase rate (APR). It is refreshing to see a low fixed rate card offer in a rising tide of interest rates. considering the fact that cardholders have had to digest 17 interest rate hikes by the Feds in the past two years, this card is definitely "bucking the high interest rate trend".


[Let CardRatings.com help you find the best balance transfer offer for you.]

But having one of the consistently lowest fixed rates in the country is only one of the benefits of using the Simmons First Visa Platinum Card. Why? Because the card also provides benefits such as travel insurance, emergency cash and a customer service center that is always open. There is also no annual membership fee and no transaction charges for balance transfers (the balance transfer APR is also 7.25% fixed).

Simmons' card offers have received much national recognition. Money Magazine has cited Simmons for having "one of the best [card] bargains in America". Consumer Reports noted that Simmons has one of the ten most consumer-friendly cards in the nation. And the Wall Street Journal pointed out Simmons reputation for good customer service. According to the Journal,

importantnotes"Once you've entered the low-rate club, you're generally treated more like a neighbor and less like a number."

 

 

So, what's the catch? Well, Simmons does require that applicants have good credit. In other words, they don't give their card out to just anyone that asks for it! If your credit is good, though, you definitely should consider Simmons. You'll be hard pressed to find another card with a lower rate that is as consumer friendly.

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Posted in Credit Card Companies


1 Comment »

  1. July 12, 2009 at 7:54 am Tara Tara says: 
    I would like to say that this card is CRAP. We apply for and was accepted. We got our new cards with all our paper work explaining all the terms agreements etc and reassurig us that we were approved for the 7.25 FIXED interest rate. Now, less than two weeks later, we recieve a letter daying they are changing it to a vairable rate! What a hoax. They did not even stand by the card agreement they promoted for two weeks! So please be very wary of applying for this card. Infact my suggestion is to just stay away from them entirely! They have no intentions of honoring that rate.

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