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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 

APR for Balance 

Transfers 

9.75% Variable APR 

This APR will vary with the market based on the Prime Rate. 

9.75% Variable APR 

This APR will vary with the market based on the Prime Rate. 

APR for Cash 

Advances and 

Convenience 

Checks 

13.75% Variable APR

This APR will vary with the market based on the Prime Rate. 

How to Avoid Paying 

Your due date is 25 days after the close of each billing cycle. We will not charge 

Interest on 

you any interest on purchases if you pay your entire balance by the due date 

Purchases 

each month. We will begin charging interest on cash advances, balance transfers 

and convenience checks on the transaction date. 

For Credit Card Tips 
from Consumer 
Financial Protection 
Bureau 

FEES 

Annual Fee 

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.

None 

Transaction Fees

Balance Transfer 

During the promotional period: either $10.00 or 3% of 
the amount of each balance transfer, whichever is 
greater. After the promotional period: $0. 

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 October 31, 2019. 

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.