The Simmons Rewards Visa Signature® is a rewards credit card that earns points with every purchase. For every dollar spent, you will earn 1.25 points. There is no annual fee, and the card comes with benefits, including car rental coverage and up to $1 million in travel accident insurance.
- Issuer NameSimmons Bank
- Credit NeededGood/Excellent
- Annual Fee$0
- Regular APR17.00% – 25.00% APR variable
- Balance Transfer FeeDuring 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 Fee3% of the amount of each cash advance, but not less than $4
- Foreign Transaction Fee2%
- Want a simple card with no annual fee.
- Like having several rewards redemption options.
- Won’t use the card for travel outside the U.S.
The Simmons Rewards Visa Signature® offers flat-rate rewards and benefits and perks are limited, so not much strategy is required. It might be a decent card to pair with other cards that earn bonus points in specific categories but only 1 point per dollar on other purchases. With this card, you’ll earn a slightly higher base rate of 1.25 points per dollar.
Editor’s Take
If you want to earn rewards on your spending, other cards have better earning potential, including flat-rate cards that earn 1.5 or two points per dollar spent. And while the welcome bonus is decent, you’ll have to do a good amount of spending to get it. Overall, the Simmons Rewards Visa Signature® has lackluster rewards and benefits.
Dawn PapandreaContributor
Earn 30,000 bonus rewards points if you spend $3,000 in purchases within the first three months of opening your account.
With the Simmons Rewards Visa Signature®, you will earn 1.25 points for every dollar spent, so you will maximize your rewards simply by using the card to make purchases. Try earning the welcome offer by spending $3,000 in the first three months for a boost of 30,000 points.
U.S. News rates credit cards by analyzing factors including fees, interest rates and benefits, each weighed against their importance to determine an overall score for each credit card. Consumers can rely on these ratings to provide objective, accurate assessments of credit card choices.
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