Citi Simplicity Card provides one of the longest 0% intro APR balance transfer periods available today, giving you plenty of time to tackle debt. Plus, with minimal fees like no late fee or penalty APR applied – making this card truly easy!
This card is ideal for those who prefer paying down debt rather than earning rewards, since you won’t find as many perks with higher APR limits.
No annual fee
Citi Simplicity card stands out from its competition by not charging an annual fee, making it one of the best balance transfer credit cards for individuals seeking to pay off debt without incurring interest charges. Furthermore, its 21 month 0% APR offer makes this one of the longest balance transfer offers currently available on the market. However, each transfer incurs an initial 3% intro fee ($5 minimum), followed by ongoing charges of 5% per balance transfer after four months – however these charges can be mitigated through regular usage as purchases and regular payments of balance transfers!
This card does not stipulate a minimum credit score requirement, though those with good-to-excellent credit tend to benefit most. There is a 3% foreign transaction fee and no rewards offered with this card, making it less desirable than others for frequent international travelers. Furthermore, prequalifying for an offer requires an in-depth credit inquiry requiring hard inquiry from banks as a hard credit inquiry is conducted on applicants instead.
One of the primary advantages of this card is that it does not impose late fees or penalty APR charges; this makes it a valuable choice for people who tend to miss payments, since many credit cards increase your rate to an exorbitant penalty APR when making a missed payment.
The Citi Simplicity Card offers those looking for maximum time and flexibility to pay off their debt a balance transfer option that also has some desirable features, though there are no rewards associated with its use – although that might not be such an important consideration when looking for such assistance.
This card’s zero percent APR doesn’t require any minimum balance to take advantage of, making it a useful way of controlling debt. Unfortunately, however, it doesn’t offer a 0% intro APR on new purchases – an issue for those using it both for balance transfers and spending. If you prefer options such as the Citi Double Cash card that provide such features then consider their alternative solutions instead.
No balance transfer fee
Citi Simplicity card offers one of the longest 0% intro APR periods on balance transfers and does not charge an annual fee, offering relief if late fees or penalty APR become an issue for missed payments.
This card’s introductory APR period for balance transfers is 21 months – making it one of the longest offers available today. This gives you nearly two years to reduce debt and potentially save thousands in interest payments; however, other cards may offer longer 0% APR periods on balance transfers so it is wise to compare options before signing up with this card.
Though not charging an annual fee, the Citi Simplicity card still imposes various fees, such as balance transfer and foreign transaction charges. Furthermore, there are no rewards programs or ways to prequalify for them; thus making this not the best choice for someone hoping to build credit card rewards. Its limited features and high interest rates make this an unsuitable choice for anyone hoping to build credit card rewards.
Citi Simplicity card also offers other advantages, including its flexible payment due date feature. This option enables you to choose your payment date at any point during each month – this feature can especially useful for those with variable incomes who require payments based on monthly expenses.
One additional advantage offered by the bank is zero-percent fraud liability protection. This feature ensures that losses resulting from fraudulent activity, as opposed to accidental damage or unauthorized usage, are covered. It should be noted, however, that protection does not extend beyond fraud losses alone.
Citi Simplicity cards don’t offer rewards programs, making them impractical for consumers looking to accumulate credit-card rewards or make frequent travel purchases. Furthermore, foreign transaction fees won’t be waived either which could prove problematic when traveling overseas with this card. But its balance transfer capabilities make it a strong candidate.
No foreign transaction fee
Citi Simplicity card offers an ideal solution to those struggling with credit card debt who need an assist with paying it off. Offering a 0% APR offer for balance transfers for 21 months – which is among the best on the market – no annual or late fees apply, along with low purchase interest rates and no rewards program or waived foreign transaction fees, this card could help people who would rather get something back for spending money elsewhere.
This card only offers an introductory APR on balance transfers for a short window, which could limit its usefulness as a debt-reduction tool. Furthermore, its balance transfer fee could quickly add up and negate the benefits of having a zero percent APR for longer. Although common among cards that do not charge annual fees, this practice could prove troublesome for people trying to reduce debt faster.
Another potential drawback of the card is that it does not come equipped with credit protection features, such as extended warranty or auto rental collision damage waiver. These features can provide peace of mind when using credit cards and can help safeguard you against unexpected expenses that might come your way.
Citi Simplicity card doesn’t charge an annual or late payment fee, but does charge a balance transfer fee of 3% during the first four months and 5% thereafter. While this fee is relatively standard among cards, you might prefer one without one altogether. Furthermore, this card doesn’t impose penalty APR charges, meaning no extra costs may accrue in case of missed payments.
The Citi Simplicity card is a simple card without many frills or features that makes budgeting and managing easier, yet may not suit those looking to get cash back or reward points on their spending. Furthermore, this card does not come equipped with any special benefits such as being prequalifyable or offering autopay options.
No rewards
If you’re seeking a credit card that can offer rewards programs like cash back or points, the Citi Simplicity card may not be your ideal solution. Unfortunately, it lacks travel perks but comes equipped with cell phone protection to save you money if your device goes missing or gets stolen.
Citi Simplicity does offer an extended intro 0% APR period on balance transfers, making it an attractive option for those hoping to manage their debt and reduce principal amounts owed. Furthermore, its minimal fees and charges make timely payment much simpler.
If your needs do not include purchases or balance transfers, there are other cards with longer 0% APR periods and rewards on purchases; it would be wise to shop around to find the ideal card. Citi Simplicity requires outstanding credit; make sure that before applying, your score has been verified as you may need excellent credit to qualify.
While the U.S. Bank Visa Platinum card and Citi Simplicity card may seem similar, there are some key distinctions you should keep in mind. The Citi Simplicity card features an extended introductory APR period on balance transfers (21 months), making it especially helpful if you’re trying to reduce debt. Furthermore, there’s no annual fee or penalties APRs/late fees either!
Citi Simplicity Card is an excellent solution for individuals with poor credit who want to consolidate their debt and reduce interest rates, thanks to its no annual or late fee and 21-month 0% APR on balance transfers. Although there are no rewards offered with this card, its long 0% APR on balance transfers more than make up for its lack of other features – it remains one of the top balance transfer cards on the market today.
