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Simmons First Visa®/MasterCard®
Issued by Simmons First National Bank |
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| Total Posts: 11 |
Average Rating:
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Category: Regular |
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Showing 1 - 10 of a total of 11 Commentaries |
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1-10 | 11-11 |
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| "Simmons: Bad business move!" |
I applied for and received a Simmons First Visa Platinum. I chose this card because of it's low FIXED rate. (Having had a Bank of America card that jumped from 5.9 to 11.9, I did not want to experience this again.)
The Simmons First Visa Platinum card is NO LONGER fixed and management has blamed this business change on Federal Government Legislation. This is the card Simmons markets to consumers with excellent credit.
However, there has been NO legislation that requires or recommends changing from Fixed to Variable rates. This decision was wholly Simmons' management's decision. In fact, the gouging of Variable rates on credit cards is now under examination for future legislation because of consumer abuse by lenders. Current legislation that would impact credit card rates does not roll out until mid 2010 - and this legislation is in the benefit of the consumer - limiting the variable percentage increases lenders can apply.
The letter stated, "Due to recently enacted federal legislation on credit cards, Simmons First has found it necessary to change some of our credit card membership rules." My interpretation of this change Simmons has made makes me think they are going to try to 'get the gouging in while the gouging is good' before they are limited or monitored by Federal Legislation in 2010 and that that is the legislation they are referring to ... Simmons First card holders, "Watch Out!" |
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| Most attractive feature: Low rates in comparison to big banks. |
| Least attractive feature: No longer offer fixed rate card. Very poor customer service. |
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| Posted by: MJ |
| Date: 7/14/2009 |
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This person does not recommend this card.
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| "WOW" |
| Great customer service. No annual fees and a low intrest rate. Can it get any better? |
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| Most attractive feature: Low intrest rates. No annual fee! |
| Least attractive feature: None |
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| Posted by: Marc |
| Date: 12/21/2006 |
Recommend?  |
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This person does recommend this card.
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| "Tasts Great, Less Filling" |
| Great customer service and low rates put it in the Credit Card Hall of Fame! |
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| Most attractive feature: low intrest rate |
| Least attractive feature: annual fee |
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| Posted by: JimBo |
| Date: 11/30/2006 |
| Recommend? |
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This person does recommend this card.
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| "Please just change my name" |
| A long time cardholder, I remarried five years ago and requested my name be changed. They sent me a credit application. I wrote them and told them that I was not requesting additional credit, just my name changed on the account. They sent me a credit application. I wrote them again- another credit app. Is this sex discrimination? |
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| Most attractive feature: lower interest |
| Least attractive feature: they wont change my name |
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| Posted by: Kat |
| Date: 7/14/2004 |
| Recommend? |
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This person does not recommend this card.
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| "CUSTOMER SERVICE" |
| AFTER YEARS OF USING, BUT NEVER CARRYING A BALANCE DUE, I CANCELLED MY ACCT. WITH SIMMONS BECAUSE WHILE ON AN EXTENDED VACATION (I'M RETIRED) I RECEIVED A HARRASSING PHONE FOR A BALANCE OF LESS THAN $30 THAT HAD NOT RECEIVED THE MINIMUM PAYMENT DUE (WHILE I WAS ON VACATION). WHEN I TRIED TO EXPLAIN THE SITUATION I WAS DEALT WITH IN THE RUDEST WAY IMAGINABLE. I CONTINUE TO USE MY L.L. BEAN AND USAA WITH GREAT PLEASURE AND SATISFACTION. |
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| Most attractive feature: NONE |
| Least attractive feature: CUSTOMER SERVICE |
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| Posted by: TOM |
| Date: 8/6/2003 |
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This person does not recommend this card.
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| "late payments" |
| If I get behind, for whatever reason, they give me call. They do not harrass or try to humiliate me. Often, I do a pay over the phone at no extra charge and bring my account current. |
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| Most attractive feature: accepted everywhere |
| Least attractive feature: non |
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| Posted by: Julianne |
| Date: 1/12/2002 |
| Recommend? |
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This person does recommend this card.
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| "Great Find" |
| This card is great..it is a gem. Thank goodness more people don't know about it. I hope they never get to big to offer the fantastic customer service that they do. No hidden charges, no late fees for being 30 seconds late paying your bill, and no companies calling saying they got your name from Simmons..do you need updated siding???? I would highly reccommend this card. Only downside is the high annual fee kind of offsets the low interest rates. Still a great deal |
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| Most attractive feature: Low inerest rate |
| Least attractive feature: High annual fee |
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| Posted by: Shelly |
| Date: 11/29/2001 |
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This person does recommend this card.
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| "Senior Citizen's Friend" |
This low-interest rate card is a senior's best friend. It has one of the
lowest rates around. Seniors, this is one of the most reliable credit cards around. It's the only one I use. |
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| Most attractive feature: Low, low interest rate which just keeps getting lower. |
| Least attractive feature: None |
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| Posted by: Norma |
| Date: 9/20/2001 |
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This person does recommend this card.
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| "Interest rates" |
| I have been a card holder for 15+ years & never had a problem with them. They even stuck with me through my divorce and worked with me. As of June '01, I am paying only 8.5%. This is my personal favorite. |
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| Most attractive feature: Consistent low interest rate. |
| Least attractive feature: This is a basic charge card, no perks just a great rate. |
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| Posted by: BG |
| Date: 6/23/2001 |
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This person does recommend this card.
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| "Good Cust Serv/Low Rates" |
| The rates are low and stay low. No suprises with this card. The customer service people are very cordial. Have had no bad experiences with this card and have been with them for over six years. Only problem is high annual fee. Worth it for lack of hassle! |
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| Most attractive feature: Low FIXED rates!! |
| Least attractive feature: Not as flexible with credit limits, High annual fee |
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| Posted by: Michelle |
| Date: 4/23/2001 |
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This person does recommend this card.
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Showing 1 - 10 of a total of 11 Commentaries
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1-10 | 11-11
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