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simmons visa important disclaimers

SIMMONS BANK CREDIT CARD - IMPORTANT DISCLOSURES

I understand that in order to apply for this offer I must be able to print a copy

of the Important Disclosures provided herein and by applying I am attesting

that I have read the Important Disclosures, printed a copy and agree to be

bound as specified therein. 

Instant Application Electronic Signature Agreement. By submitting your

application online, you are signing the application electronically. You agree that

your electronic signature is the legal equivalent of your written signature on the

application. By clicking “Submit” you consent to be legally bound by the terms

and conditions and important disclosures of the application. You also agree

that no certification authority is necessary to validate your Electronic Signature

and that you are authorized to enter into this agreement and be bound by its

terms.

ACCOUNT OPENING DISCLOSURES

INTEREST RATES AND INTEREST CHARGES

Annual 

Percentage

Rate (APR) for

Purchases

9.75% Variable APR

This APR will vary with the market based on the Prime Rate.

 
 
 
 
 
 
 
APR for

Balance

Transfers

APR for Cash

Advances and

Convenience

Checks

9.75% Variable APR

This APR will vary with the market based on the Prime Rate.

13.75% Variable APR

This APR will vary with the market based on the Prime Rate.

How to Avoid

Your due date is 25 days after the close of each billing cycle. We will

Paying

not charge you any interest on purchases if you pay your entire balance

Interest on

by the due date each month. We will begin charging interest on cash

Purchases

advances, balance transfers and convenience checks on the transaction

date.

For Credit
Card Tips
from
Consumer
Financial
Protection
Bureau

FEES

Annual Fee

Transaction
Fees

To learn more about factors to consider when applying for or using a

credit card, visit the website of Consumer Financial Protection Bureau

at 

http://www.consumerfinance.gov/learnmore.

Balance Transfer

None

None

Cash Advance and
Convenience Checks

3% of the amount of each cash advance,
but not less than $4.00.

Foreign Purchase
Transaction

2% of each purchase transaction in US
dollars.

Penalty Fees

Late Payment

Up to $35.00

Returned Payment

Up to $35.00

How We Will Calculate Your Balance: We use a method called "average daily

balance (including new purchases)." For further details, please see Additional

Disclosures, below or the Credit Card Membership Rules that will be provided

to you before you can begin using your new card.

Billing Rights: Information on your rights to dispute transactions and how to

exercise those rights is provided in the Credit Card Membership Rules that will

be provided to you before you can begin using your new card.

ADDITIONAL DISCLOSURES

1. Finance Charges start to accrue on cash advances, convenience checks and balance

transfers as of the date the item is posted to your account. Finance charges for

purchases generally will start to accrue from the date the item is posted to your

account, however, no finance charges will accrue on new purchases if the entire

balance in your account is paid by the due date each month.

2. We figure the interest charge on your account by applying the periodic rate to the

"average daily balance" of your account. To get the "average daily balance" we take

the beginning balance of your account each day, add any new purchases, advances or

fees, and subtract any payments or credits. This gives us the daily balance. Then, we

add up all the daily balances for the billing cycle and divide the total by the number

of days in the billing cycle. This gives us the "average daily balance."

3. Your account has a variable rate indexed on the Prime Rate. The rate on your account

for purchases and balance transfers is the Prime Rate plus 5.00% per annum. The rate

on your account for cash advances and convenience checks is the Prime Rate plus

9.00% per annum. Your rate will increase if the Prime Rate increases, but will only

change one time per statement cycle. If the prime rate increases variable APRs (and

corresponding DPRs) will increase. In that case you may pay more interest and may

have a higher minimum payment due. Changes in APRs (increases or decreases) due

to changes in the Prime Rate will be effective on the first day of your next statement

cycle beginning at least two days after the change in the Prime Rate. The Prime Rate

is the prime rate published in the Money Rates column of The Wall Street Journal in

effect for the second business day prior to the beginning of each statement cycle.

Variable rate APRs are based upon the 4.75% Prime Rate in effect on March 21, 2018.

The membership services of this application are provided by Simmons Bank,

Pine Bluff, Arkansas. The applicant(s), as an inducement to issue card,

represents and warrants information in or in connection with application to be

complete and correct, and that applicant will by accepting the card be bound

by the Credit Card Membership Rules supplied with the card and as amended

by issuer from time to time, and applicant authorizes Simmons Bank to verify

or make inquiries regarding such application information and to furnish same to

others in routine credit manner. All of the applicants agree to be jointly and

severally liable with applicant to the extent of use of the card and to be bound

by the Card Membership Rules as amended by issuer from time to time.

Signature(s) required for credit lines of $25,000 and above. If you qualify for a

credit line of $25,000 or above, we will send a form to you for your

signature(s) prior to mailing the card(s). Credit lines above $25,000 will require

a financial statement.

Military Lending Act: Federal law provides important protections to members

of the Armed Forces and their dependents relating to extensions of consumer

credit. In general, the cost of consumer credit to a member of the Armed

Forces and his or her dependent may not exceed an annual percentage rate of

36%. This rate must include, as applicable to the credit transaction or account;

the costs associated with credit insurance premiums; fees for ancillary products

sold in connection with the credit transaction; any application fee charged

(other than certain application fees for specified credit transactions or

accounts); and any participation fee charged (other than certain participation

fees for a credit card account). The minimum payment will be the greater of (i)

1% of the New Balance plus all finance charges and late fees assessed during

the billing cycle plus any past due amounts, or (ii) $10. Refer to the written

material you will receive in connection with opening the account. Federal Law

requires that these disclosures be provided to you both in writing and orally. To

receive the required oral disclosures, please call 800-272-2102 and select the

option for Military Lending Act oral disclosures. These Account Disclosures are

part of and integrated with your VISA Credit Card Agreement with Simmons

Bank. We reserve the right to amend the VISA Credit Card Agreement as

permitted by law. The above rates and fees are effective as of 10/04/2017.

INTERNET PRIVACY

While information is the cornerstone of our ability to provide superior service

at Simmons Bank, our important asset is our customer's trust. Keeping

customer information secure, and using it only as our customers would want us

to, is top priority for all of us at Simmons Bank. Here then, is our promise:

1. We will safeguard, according to acceptable standards of security and confidentiality,

any information our customers share with us.

2. We will limit the collection and use of customer information to the minimum we

require to deliver superior service to our customers, which includes advising our

customers about our products, services, and other opportunities, and to administer

our business. We will permit only authorized Simmons Bank employees, who are

trained in the proper handling of customer information, to have access to that

information.

3. We will always maintain control over the confidentiality of our customer information.

4. You can visit our website and find out about our products and services; read our

Corporate reports, or get a news update and other value-added services without

giving us any information about yourself.

5. If you do provide personal information, such as address, e-mail, telephone and fax

numbers, as well as demographics and customer identification, we will not disclose

(share, sell or divulge) it to external organizations unless we have informed you, been

authorized by you, or are required to do so by activities and transactions, according

to our usual strict security and confidentiality standards.