Simmons bank VISA Rewards Platinum card - low APR with rewards

back Simmons Bank VISA® Platinum Rewards

compare

intro purchase APR no intro offer	regular APR11.25% (V)
intro BT APR 11.25%	no BT fee
rewards no sign-up bonus	1 point/$1

• earn 1 rewards point for every $1 spent on the card
• points can be redeemed for us based airlines travel, hotel and vacation packages, gift cards or cash 

excellent required

Terms and Conditions

Editors Review

A rare combination - rewards card with low APR and no annual fee

Pros

• No annual fee
• Very low 11.25% ongoing APR
• 1 point per $1 for all purchases
• Redeem your points starting from 10 000 points for $100 on airline tickets of any US-based airline. The more expensive tickets cost you fewer points per dollar.
• No blackout dates, no seat restrictions, you can earn bonus rewards from your airline at the same time
• No balance transfer fee
• No penalty APR

Cons

• FICO score of 750+ is needed
• The bank needs your W-2 form and can call your employer to verify it. The application process is not the easiest and not the quickest.
• 2% foreign transaction fee

Verdict

Very good offer if you need a low APR card to carry a balance and still want to get some rewards. The card offers low ongoing expenses – no annual fee and 11.25% APR that will help you to save more. Card's 1% rewards rate that you can use for airline purchases is not the greatest offer, but considering other options it is good enough.

If you are looking for a bigger travel rewards card, you can look at Capital One Venture Rewards card. If you need just a low APR card for emergencies, take a look at Simmons Platinum card with its record low 9.25% APR.