Citi Simplicity® Credit Card Review

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PostedMay 19, 2016 by

Citi Simplicity® is often lauded as tops among low-interest credit cards. It has an extremely generous 0 percent introductory APR for 21 months, one of the longest introductory low-interest durations on the market. Additionally, Citi Simplicity® has neither late fees nor a penalty APR.

For those reasons, it is a great card for people who need to make a large purchase and want a generous grace period for paying it off without interest. It could also be a good card for someone looking to pay off debt, although that depends on the amount they transfer from another card and whether or not the 3 percent balance transfer fee is cheaper than their current card’s interest rate.

Here’s our take on the pros and cons of the Citi Simplicity® credit card.

Are there rewards?

Like other low-interest credit cards, Citi Simplicity® does not offer rewards. If you’re adamant about getting a card with rewards, there are some with favorable introductory APR offers. But keep in mind that other fees, including an annual fee, will likely be charged.

Benefits of this card

The most appealing feature of this card is it’s long introductory APR offer of 0 percent for 21 months, one of the best available in the market. Indeed, the Citi Simplicity® credit card’s introductory APR period is six to nine months longer than most other cards on the market.

Another great benefit is the lack of late payment penalties and fees. That means it’s a great card for people who don’t opt for automatic bill payments and accidently miss payments.

Keep in mind that you should always strive to pay your credit card bill on time. Even though Citi Simplicity® is generous, the companies you owe money won’t be. In addition, late payments can be reported to the credit bureaus, which will negatively impact your credit score.

Another notable feature is the Citi Price Rewind, which monitors your purchases for 60 days to see if a lower price is available at another merchant. If it finds a lower price, you receive a refund to make up the difference. There’s a limit of up to $300 per item and up to $1,200 per calendar year.

Additionally, Citi Simplicity® cardholders enjoy Citi Identity Theft Solutions and Travel Protection, which includes a chip enabled card, travel assistance and worldwide car rental insurance. You can also add extend warranties of five years or less by an additional year. You may even be eligible to get up to $10,000 covered .

Downsides of this card

The biggest downside of this card is that it doesn’t offer any rewards.

Additionally, this is not the best option for people with credit card debt. While it does have a nice introductory offer of 0 percent APR on balance transfers, there’s still a 3 percent balance transfer fee. While not terrible, there are better cards on the market.

Card Details

  • Introductory APR: 0 percent for the first 21 months.
  • APR: None for the first 21 months. After that, it’s a variable APR of 13.24 percent to 23.24 percent, depending on your individual circumstances.
  • Cash Advance APR: 13.24 percent to 23.24 percent, depending on your creditworthiness.
  • This APR varies depending on fluctuations of the prime interest rate.
  • Penalty APR: None
  • Points: None
  • Sign-up Bonus: None


  • Annual Fee: None
  • Balance Transfer APR: 0 percent for the first 21 months. After that, your APR will be between13.24 percent to 23.24 percent, depending on your creditworthiness.
  • These APRs also fluctuate based on the prime interest rate.
  • Balance Transfer Fee: Either $5 or 3 percent of the total amount of each transfer. After 60 days the fee jumps to 5 percent of the amount transferred, with a minimum charge of $5.
  • Cash Advance Fee: Either $10 or 5 percent of the total amount of each transfer, whichever is higher.
  • Return Payment: Up to $35.
  • Late Payment: Ranges from $15 to $37, depending on the amount owed.
  • Foreign Transaction Fee: 3 percent of every transaction made in USD.

Who is this card for?

This card is especially good for individuals set to make a very large purchase and would like a generous amount of time to pay it off without having to worry about interest charges.

Who is this card not for?

This card is not for individuals who have bad credit or are looking for a low-cost way to do a balance transfer and pay down high-interest credit card debt.

This also isn’t a good option for travelers. Despite its appealing travel protection, other cards provide similar benefits without the foreign transaction fees.

Shane Tripcony



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