Simmons First Visa Platinum Credit Card is one of five personal credit cards offered in the Simmons First National Bank credit card product line. In addition to the Visa Platinum card, they offer a Visa Gold Select, Visa Classic, Visa Platinum Travel Rewards, and the Student Visa Platinum. All of these credit cards are offered for personal use only. Business credit cards are only available in Arkansas. Should you apply for the Simmons First Visa Platinum Credit Card? Read this review and decide for yourself! When you are done be sure and either submit a Simmons First Bank credit card application via the secure link above or use our free credit card finder to compare credit cards today!
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Simmons First National Bank History
Simmons First National opened their first bank in 1903 in Pine Bluff, Arkansas. They currently operate with affiliate banks, offering their services to approximately seventy-five statewide communities. Simmons First National Bank serves twenty-two communities, Simmons First Bank of South Arkansas serves four communities, Simmons First Bank of Jonesboro serves three communities, Simmons First Bank of Northwest Arkansas serves nine communities, Simmons First Bank of Searcy serves two communities, Simmons First Bank of Russellville serves three communities, Simmons First Bank of El Dorado serves three communities, Simmons First Mortgage Loan Origination Offices serves fifteen communities, Simmons First of Hot Springs takes care of Hot Springs, Arkansas, Simmons First Trust Company, N.A. serves ten communities, and Simmons First National Corporation serves two communities.
In personal banking, they offer checking, savings, money markets, CDs, IRAs, credit cards, consumer loans, mortgage loans, and student loans. For business banking, their products include checking, savings, money market, CDs, IRAs, cash management, credit cards, business loans, agricultural loans, and planning and investing. Additionally they have investing and planning for individuals. Not all products and services are available at every location.
Simmons First Bank Visa Platinum Features
The Visa Platinum credit card from Simmons First comes with a 7.25% variable interest rate for both balance transfers and purchases. There is no annual fee for the card. Although there are no rewards with this card, it does come with some added benefits for no extra charge (click here to compare all rewards credit card offers or click here to compare its sister card the Simmons First National Bank Platinum Rewards Credit Card).
Since the card is a Visa card, you can use it wherever you see the Visa logo, which includes participating ATM’s. ATM’s give you the freedom of instant cash when you need it. You can also receive a cash advance from a bank that accepts Visa. Cash withdrawals, whether they are from an ATM or a bank, are considered cash advances. In order to use an ATM, you will need to enter a PIN (Personal Identification Number). This is for your security, so you should never keep the PIN physically with the card or share your PIN with anyone.
Anyone traveling by plane, bus, or cruise ship is covered with accidental death and dismemberment coverage through Travel Accident Insurance. Coverage is automatically provided for up to one million dollars when you purchase the tickets with your credit card. Auto Rental Insurance is also automatic if you rent a car with your Visa Platinum card. With this insurance you are covered for collision and theft. In order to receive reimbursement, follow all of the claim procedures outlined in your terms and conditions. Another benefit for the traveler with this card is the Emergency Cash and credit card replacement program in the event your card gets lost or stolen while you are traveling.
Simmons First Visa Platinum Credit Card Disclosures
Although the APR is a variable rate of 7.25%, the penalty rate is 15.25% for balance transfers and cash advances. Cash advances and convenience checks carry an 11.25% rate with a 16.25% penalty rate. Cash advances and convenience fees also incur a 3% transaction fee of a minimum $4 and a maximum of $50. Balance transfers, transferring a balance from a different credit card to this one, does not have a transaction fee. The grace period is twenty-five days from the billing cycle closing date. Late fees and over the credit limit fees are each $29.
If you apply for and receive a credit limit approval of $10,000 or more, a hard copy of your signature will be required. In this event, a form will be sent to you for you to complete and return along with any requested copies of financial statements. If you are denied approval for the Platinum card, Simmons First will automatically see if you qualify for another one of their credit cards. If you are approved for a different card, the terms and conditions for that card will apply.Simmons promises your information will be kept safe and confidential. All personal information, such as address, phone number, email address, and account information will not be shared with any outside third parties unless you have been informed of it first and/or given your authorization to do so.
While there are no rewards programs associated with the Simmons First Visa Platinum Credit Card, the low APR is in itself rewarding. Some of the additional benefits can be of real value to anyone traveling as well. Simmons also offers a Visa Platinum Travel Rewards card which is a rewards program that caters to the traveler. While that card does not have an annual fee either, it does carry a higher variable interest rate (9.25%).
Applying for the Simmons First Visa Platinum Credit Card
There is no application processing fee to apply for the Platinum Credit Card. To apply for free now, simply click on the Simmons First National Bank credit card application link at the top of the page or use our free credit card finder to compare credit cards now!