![]() Don’t use too much available credit – Once you open a credit card, make sure you don’t overuse it.A key factor in calculating your credit score is payment history, so with responsible and consistent use of a secured credit card, you could see your credit score change over time. When you spend money with your card and pay bills, that activity is reported to the three major credit bureaus. Typically, you aren’t able to withdraw the money you deposited as long as your secured credit card is active.Īfter the deposit is made, a secured card works similarly to a traditional credit card. With a secured card, the deposit you make secures the credit card and allows you to obtain a credit card that you may not otherwise qualify for. To open a secured credit card, you would open the securing account, typically a savings account or CD account, with a balance that usually matches the credit line you are requesting. A secured credit card is a good option to consider for those with low or no credit. Open a credit card – Opening a credit card is great to start building credit, but it is important to open the right credit card for you.Let’s take a look at a few tips to manage your credit: The practice of managing your score will come in handy when you are looking for a low-rate loan or credit card or preparing to make a big purchase. Whether you are just starting and have no credit history, or have less than great history, there are benefits to kick-starting your credit score. Simmons is the subsidiary bank for Simmons First National Corporation (NASDAQ: SFNC), a publicly traded bank holding company headquartered in Pine Bluff, Arkansas. Simmons has grown steadily to approximately $17.9 billion in assets (as of June 30, 2019) and today operates more than 200 branch locations throughout Arkansas, Colorado, Illinois, Kansas, Missouri, Oklahoma, Tennessee and Texas. Through the decades, Simmons has developed a full suite of financial products and services designed to meet the needs of individual consumers and business customers alike. ![]() Simmons Bank is an Arkansas state-chartered bank that began as a community bank in 1903. Support features and interactive customer demos are available on the bank’s website, while additional details are available at About Simmons Bank The Simmons Bank Mobile App can be downloaded from the Apple App Store or Google Play Store. “I am confident that once our customers try the new app with all of its great features and the new user-friendly design, they will be thrilled with the upgrade,” Carriles said. Instead of forcing users to upgrade to the new app immediately, they will be invited to do so over a monthlong period, putting customers in control of the process and allowing them to experience the new app at their own pace. If an app isn’t designed with our customers in mind from the beginning, it will always be reacting too late.” “We never want to build something and listen to our customers’ feedback after the fact – that is like driving while looking in the rearview mirror. “This year we will be building a new User Experience Lab right here in Little Rock at Simmons Bank River Market corporate office to help us define future additions to our new mobile app as well as our other digital offerings,” said Carriles. Carriles sees these features as first steps to future customer offerings, such as personal finance management (goal and budgeting tools, spending analysis, etc.) and credit and debit card controls.Ĭarriles’ “user-centered design” philosophy was developed during his years at BBVA Compass, where the app he spearheaded as head of Mobile and Online Channels won multiple industry accolades for seven consecutive years. The Simmons Bank mobile app provides enhanced speed, bolstered security and heightened customization. ![]() The launch is part of Simmons’ Next Generation Bank initiative, a multi-year project that represents a $100 million technology investment. ![]() 16, Simmons Bank launched a completely new mobile app, developed in collaboration with Jack Henry’s Banno software and led by newly recruited Alejandro “Alex” Carriles, Simmons’ executive vice president and chief digital officer. ![]()
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