Our take: For those who’re attempting to consolidate your bank card debt or finance a giant buy, the Citi Simplicity® Card presents an extended 0% intro APR interval on purchases and steadiness transfers. Nonetheless, past the 0% intro APR interval, this card has little to supply—cardholders don’t get rewards or any perks or protections.
Professionals
- Lengthy 0% APR interval
- No annual charge
Cons
- No rewards
- International transaction charge
Citi Simplicity Highlights
Card kind: 0% APR, Stability switch
- Welcome Bonus: This card doesn’t supply a welcome bonus.
- Annual Charge: $0
- Rewards: This card doesn’t supply rewards.
Citi Simplicity Overview
Just like the identify suggests, the Citi Simplicity® Card stands out for its simplicity—it has no annual charge, no rewards, no late charges, and no penalty fee.
The first good thing about the cardboard is the lengthy 0% intro APR interval on purchases and steadiness transfers. Cardholders get a 0% intro APR for 12 months on new purchases. After that, a 19.24%–29.99% variable APR.
For steadiness transfers, the intro APR interval is even longer—cardholders get a 0% APR for 21 months from the date of first switch (transfers should be accomplished inside 4 months from the date of account opening). You’ll additionally need to pay a charge of both $5 or 3% of the overall quantity, whichever is bigger. After that, there’s a 19.24%–29.99% variable APR.
Plus, when you’ve got bother remembering when your bank card cost is due, you may modify the due date. And if you happen to do make a late cost (which we don’t advocate), you received’t be charged a charge or a penalty APR.
Who’s Citi Simplicity good for?
The Citi Simplicity® Card is good for individuals who prioritize an easy, inexpensive bank card. It’s particularly useful for people seeking to consolidate debt or make vital purchases given its prolonged 0% intro APR interval on purchases and steadiness transfers.
Who shouldn’t get Citi Simplicity?
People who search sturdy rewards, journey perks, and numerous protections and insurances ought to go for a distinct card. Except you’re planning to make the most of Citi Simplicity’s 0% intro APR interval, there are higher no-annual charge card choices available on the market.
Citi Simplicity charges and charges
- Annual charge: $0
- International transaction charge: 3% of every buy transaction in U.S. {dollars}.
- Intro APR on purchases: 0% intro APR for 12 months from date of account opening
- Buy APR: 19.24%–29.99% variable
- 0% APR Stability switch: 0% APR for 21 months from the date of first switch (transfers should be accomplished inside 4 months from the date of account opening). Plus, there’s a charge of both $5 or 3% of the quantity of every switch, whichever is bigger. After the intro interval ends, there’s a 19.24%–29.99% variable APR
Extra advantages
- No late charges: For those who miss a single cost you received’t be charged on your oversight.
- $0 Legal responsibility on Unauthorized Prices: You’re fully protected towards unauthorized fees in your account.
Bank cards much like Citi Simplicity
Whereas Citi Simplicity cardholders get an extended 0% intro APR interval on steadiness transfers, cardholders who want extra time to repay a big-ticket merchandise might have a card that gives an extended intro APR interval on purchases, just like the Wells Fargo Replicate.
If, nevertheless, your precedence is incomes rewards, you may go for a card just like the Chase Freedom Limitless®.
Wells Fargo Replicate® Card vs. Citi Simplicity
Just like the Citi Simplicity® Card, the Wells Fargo Replicate® Card doesn’t supply rewards. This no-annual-fee card presents a 21-month 0% intro APR interval on purchases and steadiness transfers. After that, 17.99%–29.99% variable APR. For those who go for a steadiness switch, there’s additionally a charge of 5% for every steadiness switch (minimal $5).
Plus, you’ll get some extra protections and insurance coverage with the cardboard: Replicate cardholders obtain $600 value of mobile phone safety.
Chase Freedom Limitless® vs. Citi Simplicity
For these extra excited by incomes rewards, the Chase Freedom Unlimited® stands out as a stable $0 annual charge card.
Freedom Limitless cardholders earn 1.5% money again on all eligible purchases, plus 3% money again on eating (together with takeout and eligible supply service) and 5% money again on journey bought by way of Chase Final Rewards.
For those who go for the Freedom Limitless, you’ll nonetheless get a 0% intro APR interval. With the Limitless, cardholders obtain 15-month 0% intro APR interval on purchases and steadiness transfers (then 20.49%–29.24% variable APR).
The Freedom Limitless presents a handful of key protections, too, like buy safety, prolonged guarantee safety, and journey cancellation insurance coverage.
Is the Citi Simplicity best for you?
The Citi Simplicity® Card is a good alternative for these centered on simplicity and affordability The cardboard’s prolonged 0% intro APR interval, no annual charge, no late charges, and no penalty APR make it an economical bank card possibility.
Nonetheless, as a result of Citi Simplicity’s lack of rewards, welcome bonus, perks and protections, some cardholders is perhaps higher off with one other card. Plus, if you happen to plan to do worldwide touring, the Simplicity fees a overseas transaction charge, which might add up.
Often requested questions
Is the Citi Simplicity Card exhausting to get?
The Citi Simplicity® Card could also be exhausting to get for some cardholders, as you’ll possible want not less than a good FICO score or higher to qualify.
What are the disadvantages of Citi Simplicity Card?
The disadvantages of the Citi Simplicity® Card are its lack of rewards, welcome bonus, protections, and perks.
Is Citi Simplicity a Mastercard or Visa?
The Citi Simplicity® Card is a Mastercard.
Please observe that card particulars are correct as of the publish date, however are topic to alter at any time on the discretion of the issuer. Please contact the cardboard issuer to confirm charges, charges, and advantages earlier than making use of.
