Simmons Bank Introduces New Low Fixed Rate Visa Card @ 7.25% APR
By Mike Killian, CardRatings.com Debt/Credit Management Reporter
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 (the average rate on variable rate platinum cards is now about 14%). 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".
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,
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.
We welcome your comments about credit card and other money issues in our popular credit forum!
Mike Killian has been writing about credit and debt management issues that are of importance to consumers for over 8 years. His articles have been referenced by various members of the media, including MSNBC and The Motley Fool. Mike has also offered debt elimination seminars to businesses and community colleges for many years.
Mike offers free consumer advice on the CardRatings.com Credit Forum as well as on his own site, FreeMoneyTraining.com. While at his site, you can view additional articles as well as his schedule of upcoming seminars.
CardRatings.com is the most comprehensive source for comparing credit card offers. CardRatings.com is pleased to offer consumers free credit card ratings.
Please Note! You are welcome to republish this article as long as you state that CardRatings.com is the source for the article. You must also include a link to our website if you republish the article online. Click here for more details about using our articles and thanks for your interest!
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 (the average rate on variable rate platinum cards is now about 14%). 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".
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,
"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.
We welcome your comments about credit card and other money issues in our popular credit forum!
Mike Killian has been writing about credit and debt management issues that are of importance to consumers for over 8 years. His articles have been referenced by various members of the media, including MSNBC and The Motley Fool. Mike has also offered debt elimination seminars to businesses and community colleges for many years.
Mike offers free consumer advice on the CardRatings.com Credit Forum as well as on his own site, FreeMoneyTraining.com. While at his site, you can view additional articles as well as his schedule of upcoming seminars.
CardRatings.com is the most comprehensive source for comparing credit card offers. CardRatings.com is pleased to offer consumers free credit card ratings.
Please Note! You are welcome to republish this article as long as you state that CardRatings.com is the source for the article. You must also include a link to our website if you republish the article online. Click here for more details about using our articles and thanks for your interest!
posted by CardRatings.com at 5:43 AM
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