Simmons First Visa® Platinum Rewards

From the CompareCards.com Editorial Team:

Although this Simmons card requires excellent credit, unlike many other Simmons products tailored to people with less than stellar credit, it comes with some appropriate perks like travel rewards, no annual fee, and a competitively low interest rate.

Cardholders earn one bonus travel reward dollar for every dollar they spend, and they only pay 9.25% on purchases as well as balance transfers. Travel rewards can be redeemed for travel, gift cards, hotel stays, and other benefits – and you can start cashing in rewards once you accumulate at least 10,000.

They transfer at a rate that equals approximately $100 per 10,000 or one percent, and there are no blackout dates or seating restrictions. You can also redeem points for gift certificates, hotel stays, vacation packages and cruises. You can use rewards to pay for a whole ticket or a portion of one, too, and with the low APR it’s possible to reduce high interest debt carried on other cards.

The Bottom-Line
This is a pretty standard travel rewards card but what elevates it above other cards is the single-digit interest rate on transfers and purchases and no annual fee. Plus rewards can be used for travel without blackout dates or other annoying limitations, or can be used to receive other valuable perks like gift cards or hotel stays. The card does, however, require that you have excellent credit.

The Good
There is no annual fee, a low interest rate, and you earn a reward point for every dollar you spend.

The Not So Good
You have to qualify with excellent credit, plus as travel cards go there are others that offer more robust rewards earning programs.