Review
Citi Simplicity® Card Review: Excellent 0% Intro APR and No Late Fees
Looking for a straightforward way to tackle debt? The Citi Simplicity® Card offers a long 0% intro APR and no late fees, making it a strong contender for debt consolidation, but is it the right fit for your wallet?
| Annual Fee | $0.00 |
| Sign-up Bonus | No signup bonus |
| Rewards Rate | No rewards rate |
| Intro APR | Get a % Intro APR for months on purchases from date of account opening; after that, the variable APR will be % - % based on your creditworthiness.1 Get a % Intro APR for months on balance transfers from date of account opening; after that, the variable APR will be % - % based on your creditworthiness.1 Balance transfers must be completed within months of account opening. |
| Regular APR | after that, the variable APR for unpaid promotional balances, new purchases, and new balance transfers is % - %, based on your creditworthiness. For Citi Flex Plans subject to an APR, the variable APR is % - %, based on creditworthiness. The variable APR for cash advances is %. |
| Other Fees | Balance Transfer Fee: Intro balance transfer fee of $ or % of the amount of the transfer, whichever is greater for transfers completed within months of account opening. After that, % of each transfer (minimum $).1 Minimum interest charge – $. Fee for foreign purchases - % of the U.S. dollar amount of each purchase. Cash advance fee - either $ or % of the amount of each cash advance, whichever is greater. Balance transfer fee — intro fee of % of each transfer ($ minimum) completed within the first months of account opening. After that, % of each transfer ($ minimum). |
Overview
Pros & Cons
What's great
- No annual fee
- Intro APR period
- No late fees
Things to consider
- High regular APR
- Foreign transaction fees apply
- No sign-up bonus
- No rewards
Benefits
Drawbacks
Decision Guidance
Summary
The Citi Simplicity Card is a very niche product designed primarily for balance transfers, and its overall rating reflects this singular focus. Its strengths lie in its lack of annual and late fees, coupled with an introductory APR period for balance...