The Simmons Visa is a basic, no-frills credit card that offers a very low interest rate. This card has a $0 annual fee. A 2% foreign transaction fee is charged for all purchases or cash advances abroad. New Simmons Visa cardholders will get a 12-month, 0% APR promotion on balance transfers made within 60 days of opening an account. After that, there is a 8.25% Variable APR on purchases and balance transfers.
No annual fee: The Simmons Visa has a $0 annual fee.
Very low interest rates: The Simmons Visa offers a 12-month, 0% APR promotion on balance transfers made within 60 days of opening an account. There is a 8.25% Variable APR on purchases and balance transfers after that.
No sign-up bonus: Although many credit cards today offer new cardholders a sign-up bonus, the Simmons Visa does not.
Foreign transaction fee: The Simmons Visa charges a foreign transaction fee, but the 2% fee is less than the typical 3% fee for foreign transactions charged by most other credit cards.