Citi Simplicity® Card full review

If paying off your debts and avoiding excessive interest rates are your priorities, you should at the very least look into this card.

What do I need to know about the Citi Simplicity® Card?

A high APR credit card balance might cost you money. However, transferring the debt to a balance transfer credit card could end up saving you hundreds of dollars over time.

Consider the Citi Simplicity® card if you need more than a year to pay off any revolving credit card debt.

It offers 0% intro APR on balance transfers for 21 months starting from the date of the first transfer and 0% intro APR on purchases starting from the date of account opening (after which, 17.74% – 28.49% variable APR; balance transfers must be finished within four months of account opening).

Because it features one of the longest 0% initial APR terms available, Citi Simplicity® is one of the finest balance transfer credit cards.

So, keep reading in order to have a better understanding of how this card works!

How does the Citi Simplicity® Card work?

Consumers looking for a long-term balance transfer card or those planning a sizable purchase can consider the Citi Simplicity® Card.

The card offers 0% intro APR for 12 months on purchases made after account opening and 0% intro APR for 21 months on balance transfers starting from the date of the first transfer.


After that, depending on your creditworthiness, the variable APR will range from 17.74% to 28.49%.
For transfers made within four months of account opening, there is an initial balance transfer fee of $5 or 3% of the transfer amount, whichever is greater.


After that, a balance transfer fee of $5 or 5% of each transfer’s value, whichever is higher, is charged.

So basically, this card has no bonus and has one purpose only: to help you avoid interest while paying big debts.

If that is your goal, make no mistake, the Citi Simplicity® Card is made for you.

Citi Simplicity® Card benefits

0% Introductory APR for 21 months on Balance Transfers

Experian estimates that the typical credit card amount in 2020 will be $5,313.

A balance transfer, or moving your debt to a card with a low introductory APR, is one strategy to deal with credit card debt if you’re having trouble paying the normal 20% or so in annual interest on that balance.

One of the best offers available is the 0% APR on balance transfers for 21 months starting from the date of your first transfer on the Citi Simplicity card. (The transfer cost, however, is $5 or 5%, whichever is greater.)

There is no time limit on repaying the principal, but all transactions must be finished within the first four months of creating an account.

0% Introductory APR for 12 Months on New Purchases:

This card is also a good option if you want to put off paying interest on large expenditures you intend to make shortly, like replacing your home appliances or upgrading your computer setup.

After creating an account, you can receive 0% APR on purchases for a full year, giving you more than enough time to finance your purchase without being concerned about interest payments.

Of course, it’s better to settle the majority or all of that debt before the interest-free period expires.

The usual APR will take effect when the introductory offer expires, which could significantly increase the balance you still owe.

No penalties, interest rates, or yearly fees

The lack of an annual charge is a bonus for a card with such substantial promotional APR offers.

No matter when you make a payment, there are no late fees, however after the initial 0% APR term, you will still be charged interest on the outstanding balance.

Additionally, unlike some cards, the APR stays the same even after you’ve missed payments for 60 days or more and are subject to a penalty rate, which is often the highest interest rate assessed on the card.

How to apply for the Citi Simplicity® Card?

So, after all you have read you think the Citi Simplicity® Card is the card you need to put your debts at ease, take a look at our “how to apply” article.

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