SUMMARY OF RATES AND TERMS – SIMMONS BANK FOUNDATION VISA® 

Simmons Bank Foundation Visa® Card 
INTEREST RATES AND INTEREST CHARGES 

19.99%  

This APR will vary with the market based on the Prime Rate. 
19.99%  

This APR will vary with the market based on the Prime Rate. 
23.99%  

This APR will vary with the market based on the Prime Rate. 
Your due date is 25 days after the close of each billing cycle. We will not charge you any interest on 
purchases if you pay your entire balance by the due date each month. We will begin charging interest on 
cash advances and balance transfers on the transaction date.  

To learn more about factors to consider when applying for or using a credit card, visit the website of the 
Consumer financial Protection Bureau at http://www.consumerfinance.gov/learnmore.  

Annual Percentage 
Rate (APR) for 
Purchases 

APR for Balance 
Transfers 

APR for Cash 
Advances 

How to Avoid Paying 
Interest on 
Purchases 
For Credit Card Tips 
from the Consumer 
Financial Protection 
Bureau 

Annual Fee 
Transaction Fees 
   Balance Transfer 

$25 

$0. 

FEES 

   Cash Advance 

Either $4 or 3% of the amount of each cash advance, whichever is greater. 

   Foreign Transaction  2% of each transaction in US dollars. 

Penalty Fees 

   Late Payment 

Up to $39. 

   Returned Payment 

Up to $39. 

How we will calculate your balance:  We use a method called “average daily balance” (including new purchases). 

Billing Rights:  Information on your rights to dispute transactions and how to exercise those rights is provided in the Credit Card 
Agreement that will be provided to you before you can begin using your new card. 

Late Payment Fee:  The Late Payment Fee is $25 if you were not charged a Late Payment Fee during any of the prior six statement 
cycles. Otherwise, it is $39. The amount of your Late Payment Fee will never be higher than your Minimum Payment Due. 

Variable Rates:  To determine your rate, we use the US Prime Rate published in the Wall Street Journal. The Prime Rate of 3.25% last 
published on March 15, 2020. To determine the rate offered, we apply the following formula, depending on your creditworthiness:  

Account Type 
Simmons Bank Foundation VISA 

Purchase and Balance Transfer Rate 
16.74% + Prime Rate 

Cash Advance Rate 
20.74% + Prime Rate 

Monitoring/Recording of Telephone Calls 

TERMS AND CONDITIONS 

You consent and agree that we, any of our affiliates, and any other persons that we authorize in accordance with applicable law, 
may monitor and/or record any and all telephone communications with you without any additional notice of such monitoring or 
recording, unless expressly required by applicable law. 

Minimum Payment 

The minimum payment is calculated as (i) 1% of the new balance plus all finance charges, late fees, and past due amounts OR (ii) 
$10, whichever is greater.  

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; and 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 of a credit card 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.