City Simplicity Credit Card (No Late Fees) is a credit card that is loved by people who hate interest, and it is often used to help pay off credit cards that have higher rates. There are no rewards and few fees when using this credit card. It’s meant to be as simple as possible, without many of the issues that sometime plague cardholders.
The Citi Simplicity® charge card gives the best balance transfer offer in the market. While its balance transfer expense might be higher than you’ll discover among different cards, extra favorable circumstances like no late expense or punishment APR (A yearly rate) is the yearly rate charged for acquiring or earned through a speculation) make it extraordinary compared to other obligation reimbursement apparatuses accessible.
With one of the longest early on APRs accessible, the Citi Simplicity card positions close to the highest point of parity move offers. It likewise accompanies no late expenses or punishment APR, making it one of the most adaptable choices for cardholders hoping to square away some obligation.
Be that as it may, it accompanies a higher than normal parity move charge – which can make noteworthy mark to your greatest advantage reserve funds.
Who is This Credit Card Best For?
The Citi Simplicity is perfect for any individual who needs to merge Mastercard obligation, particularly a high sum that you need bunches of time to satisfy. You won’t discover a card that gives you over 21 months to square away obligation at 0% APR.
Some equalization move cards charge a lower parity move expense, or even no parity move expense by any means. Those could be a superior wagered on the off chance that you needn’t bother with the long timetable the Citi Simplicity offers.
- Generous 0% APR Offer
- No Annual Fee
Generous 0% APR offer: 21 months is an exceptionally long balance transfer timeline for the industry. This card also comes with 12 months at 0% APR for new purchases, but make sure to pay them off within that timeline to avoid ballooning interest charges when the promotional period ends.
No annual fee: Most balance transfer cards come with no annual fee, so this isn’t a unique feature for the Citi Simplicity. But it’s still a win that a fee won’t cut into your interest savings.
- High Balance Transfer Fee
- High Ongoing APR
Balance transfer fee: The Citi Simplicity’s fee of 5% is higher than the 3% fee—or, occasionally, 0% fee—that many top balance transfer cards charge.
High ongoing APR: You’ll pay an APR of 16.49% – 26.49% variable based on creditworthiness once your introductory offers end, which is higher than the rate some competing balance transfer cards charge.
The fact that the Citi Simplicity Card doesn’t have a rewards program is an advantage, not a disadvantage. This card’s goal is to help you get out of debt interest-free. Your focus should be on paying off your balance—not adding to it to get rewards.
J.D. Power evaluated Citi 6th out of 11 charge card issuers in its 2019 U.S. Visa Satisfaction Study. Citi Mobile, the bank’s versatile application, gets high rankings: 4.8 stars out of 5 on iTunes and 4.3 stars out of 5 on Google Play. Citi offers standard client care highlights.
Citi Simplicity’s security highlights are standard for the business, including $0 risk for unapproved charges and misrepresentation observing.
One that stands apart is access to Citi Identity Theft Solutions, which gives help with the occasion your character has been undermined. Citi may assist with police reports and distinguish extra undermined records.
Citi Simplicity’s Fees
Citi Simplicity’s equalization transfer charge is on the high side. Yet, not at all like numerous different cards, this one doesn’t charge an expense for any late installments or a punishment APR in the event that you fall behind.
That is an or more in the event that you forget about your due date one month, yet your objective ought to be to pay on time as a matter of course to secure your FICO rating.
No late charges or punishments
The Citi Simplicity card is one of not many that doesn’t charge a late installment expense or punishment APR – regardless of how often you pay late.
Simply remember that no card really charges free. Despite everything, you’ll need to pay enthusiasm on late installments, which can include up rapidly bigger adjusts. Besides, installments that are over 30 days late can adversely influence your credit report, making it harder to fit the bill for new charge card offers.
Long parity move offer
The most attractive element on the Citi Simplicity card is surely its basic offer for equalization moves. Cardholders get a 0 percent APR for the initial 21 months on equalization moves they make in the initial four months (16.49-26.49 percent variable APR from that point) – which is a half year longer than other top advancements.
How It Compares to Similar Cards
Citi Simplicity is the main card to offer a parity move time of 21 months, and an absence of expenses can interpret huge investment funds for certain cardholders who once in a while neglect to make on-time installments. With regards to prizes and different advantages, however, Citi Simplicity comes up low on the rundown.
A Comparison Of Citi Simplicity versus Citi Diamond Preferred
The Citi Diamond Preferred card is like the Citi Simplicity from multiple points of view. The Citibank card offers an introduction 0% APR for year and a half on the two buys and equalization moves, making it a superior alternative for customers who intend to make an enormous forthright buy and pay for it after some time.
Following the starting APR period, the standard variable APR is marginally lower with the Diamond Preferred than the Simplicity, going from 15.24% to 25.24%. The Diamond Preferred card likewise gives you access to extra advantages, as Citi Private Pass and Citi Concierge.
By and large, the Diamond Preferred card is presumably a more alluring decision for long haul use than the Simplicity card, even without a prizes program.
In a Nutshell
The Citi Simplicity card offers an extraordinarily long basic period for equalization moves, yet lamentably likewise incorporates a bigger parity move charge that can make moving a parity costly.
The Citi Simplicity card will appeal the most to cardholders who want to make a transfer of a large balance and enjoy paying it off interest-free over 21 months.