Simmons Bank Visa® Platinum with extra low APR

back Simmons Bank Visa® Platinum

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intro purchase APR no intro offer	regular APR9.25% (V)
intro BT APR 9.25%	no BT fee

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Terms and Conditions

Editors Review

Pros

• No annual fee
• Very low 9.25% regular APR on a card
• $1,000,000 limit travel accident insurance
• Rental card damage/loss waiver
• Very low 12% 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 9.25% 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 still offering 10.99% APR at best.