Simmons bank VISA Platinum with extra low APR

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excellent
intro purchase APR no intro offerregular APR7.50% (V)
intro BT APR 7.50% no BT fee

Excellent Credit Required - Applicants that do not have excellent credit will not be approved

Low 7.50% variable standard purchase APR and platinum benefits

No balance transfer fee for balances transferred in response to this online offer

No Annual Fee

Editors Review

Pros

  • No annual fee
  • Very low 7.50% regular APR on a card
  • $1,000,000 limit travel accident insurance
  • Rental card damage/loss waiver
  • Very low 11.50% cash advance APR (about a half of average cash advance APR on the market)

Cons

  • No rewards, no sign up bonus
  • 2% foreign transaction fee – less than common 3% fee, but it is better no to have it at all
  • Not the fastest application process with W-2 forms requests and calls to your employer to check the information about your payroll

Verdict

By far the best low APR offer on the market. No extra bonuses or rewards but this 7.05% ongoing APR will save you a lot more than rewards in the long run if you carry a balance. The card fits best for people who carry a balance from time to time and care about their spending.

Other cards with low APR – BoA Americard or Discover it are still offer 10.99% APR at best.  

Last updated: 08/09/2016









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