Simmons First Visa Platinum Travel Rewards card does not have the lowest APR in the market right now or the most generous rewards system but they have very fair policies. When all you can do is gloat at the default APRs as high as 20.99% or over the limit charges as high as $59, this credit card can boast of very reasonable terms during these rough times.

You can tag it as the best credit card for those with excellent credit score but makes a few small financial blunders from time to time like paying a bill late for a month. The card has no annual fee and the rewards programs plus the travel benefits are highly commendable.

How the card works

The Simmons First Visa Platinum Travel credit card has a variable APR of 9.25% and gives 25 days of grace period when you pay off your balance at the end of the cycle. This is feature plus the travel perks make this credit card perfect for travel purchases and day to day use.

The low APR of the credit card makes it useful for emergency spending or if you really need to carry a balance on the card for a few months. The interest rate for your cash advance is reasonable at 13.25% while the default APR is 16.25 if in six months you miss on two payments. In case you default but able to pay on time for the next six months, your interest rate will go back to the 9.25% variable. The reasonable rates make rebounding from small financial decision making lapses manageable.

You can also use this credit car for transferring balances from your credit cards with higher APRs. You don’t have to worry about any transfer fees. It is free.

Shopping and Travel benefits

Remembering a list of shops that participates in the program can make things complicated at times. The rewards program of Simmons First Visa Platinum Travel Rewards credit card is very simple. You don’t have to think about a list or frequently visiting the credit card’s website to check, you can quickly build up points for a holiday or travel.

Every dollar you spend gives you a point for travel rewards. You can use these points for any US based airline and don’t have to worry about seat restrictions and blackout dates.

You can also use your points for vacation packages, cruises, car rentals, hotel stays, or dining gift certificates. The redemption is hassle free. We heard that they also have a great customer service in case you have questions about your card or the rewards program.

Cardholders will also enjoy up to about $1 million in travel insurance and coverage for car rentals when you use your card for this spendings.

Fees

The credit card does not collect any annual fee. Late fees will cost you a reasonable charge of $29 when some banks can charge as high as $59. Convenience checks or cash advance fees range is 3% or ranging from $4 to $50 tops. You can also use this for balance transfers since they don’t charge any fee.

Pros and Cons

The plus side will be the easy redemption of the reward points, grace period for finance charges, low fee for cash advances, insurance coverage, and no black out dates or seat restrictions when you travel using your travel rewards.

You need excellent credit to have this card in your pocket. Another downside is a variable APR.

Verdict

This credit card is great for balance transfers and everyday use. There is no annual fee plus the card has a very reasonable APR. The travel rewards are comparable to other rewards programs. If you are looking for these thumbs up features then the Simmons First Visa Platinum Travel Rewards credit card fits your lifestyle.