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Updated November 30, 2013

Citi Simplicity Review: 0% Intro APR for 18 Months

Read more about Citi Simplicity® Card

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By not charging for late payments, the Citi Simplicity Card gives cardholders some breathing room when it comes to managing their credit. Plus, with an 18-month 0% introductory APR on purchases and balance transfers, this card is a smart pick for people who carry a balance. In exchange for this flexibility, the Citi Simplicity Card does not have a rewards program.

Citi Simplicity Card
Apply for Citi Simplicity Card
  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - EVER
  • No penalty rate - EVER
  • No annual fee - EVER
  • Save time when you call with fast, personal help, 24 hours a day.
  • Go to issuer's official application, terms, and details
Car Rental InsuranceExtended Warranty$0 Fraud LiabilityIdentity Theft Assistance
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0%* for 18 months*
0%* for 18 months*
12.99% - 21.99%* (Variable)
$0*

Overall Score

4.5

Fees

5.0

Benefits

4.0
5-point scale (the higher, the better)

Pros and Cons

  • 0% intro APR for 18 months
  • No late fees
  • No penalty interest rate
  • No annual fee
  • No rewards

Bottom Line

Excellent card for people who carry a balance

No Annual Fee, No Late Fees or Penalty Rate

This card charges no annual fee and avoids many of the other fees associated with credit cards, such as a penalty rate for late payments. Other credit cards may raise your monthly interest rate to an APR penalty rate of 29.99% if you are late with a payment. Cards can also charge you a fee and the penalty interest rate if you spend over the credit limit on your card.

The Citi Simplicity does not charge any of these fees. You can use this card without worrying about excess fees on your account.

Balance Transfer: 0% Introductory APR

The Citi Simplicity Credit Card also offers a generous introductory APR. There is a 0% introductory APR for the first 18 months. This applies to both purchases and to balance transfers from other cards.

Balance Transfer Fee: The card does charge a one-time 3% fee on balance transfers, with a minimum charge of $5. If you transfer over $1,000, you will owe an additional $30 because of the fee. While transfers are not free, the fee is significantly lower than paying interest on a balance for almost two years.

After the first 18 months, this card charges a variable APR of 12.99% to 21.99% based on your creditworthiness. This APR is the same for purchases, balance transfers and cash advances. Typically, cards charge a much higher cash advance APR.

No Rewards

The downside of the Citi Simplicity Credit Card is that it does not offer any sort of rewards program. Your purchases on this card do not generate any points for cash back, hotel visits or travel tickets. The lack of a rewards program means that Citi can keep the fees on this card low. If you pay off your balance in full every month, you are probably better off using a rewards card.

Foreign Transaction Fee

International travelers should keep in mind, there is a 3% foreign transaction fee. If you do not plan to use this card overseas, then this has no impact on you. Otherwise, travelers should consider a no foreign transaction fee credit card instead.

Pros

  • No penalty charge on late payments or purchases over the credit line
  • No penalty APR for late payments or purchases over the credit line
  • 0% introductory APR for the first 18 months
  • Low 3% fee on balance transfers
  • No annual fee

Cons

  • No rewards program
  • Only balance transfers made in the first 4 months of the account qualify for the 0% introductory APR
  • 3% foreign transaction fee

Bottom Line

The lack of most common fees (annual fees, late fees, and penalty rates) and a long introductory APR make this a fantastic card for consumers who carry a balance and are occasionally late with a payment. Cardholders who pay off their balance every billing cycle are better off with a rewards card.

Next Step: View the issuer's official application, terms, and details

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Editorial Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on January 7, 2012. This content may have been updated on November 30, 2013. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Citi website for updated information.

More Articles in Reviews

Citi Simplicity Card
Apply for Citi Simplicity Card
  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - EVER
  • No penalty rate - EVER
  • No annual fee - EVER
  • Save time when you call with fast, personal help, 24 hours a day.
  • Go to issuer's official application, terms, and details
Car Rental InsuranceExtended Warranty$0 Fraud LiabilityIdentity Theft Assistance
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0%* for 18 months*
0%* for 18 months*
12.99% - 21.99%* (Variable)
$0*

Compare Citi Simplicity to:

Citi ThankYou Preferred Card - Earn 20,000 Bonus Points

Citi ThankYou® Preferred Card - Earn 20,000 Bonus Points

Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
0%* for 12 months*
0%* for 12 months*
12.99% - 22.99%* (Variable)
Introductory Bonus Reward PointsPoint RewardsDining RewardsNo Expiration on Rewards
  • Earn 20,000 bonus ThankYou® Points after $1,500 in card purchases within 3 months of account opening - redeemable for $200 in gift cards or other great rewards!
  • 0% intro APR on Balance Transfers and Purchases for 12 months. After that, the variable APR will be 12.99%-22.99% based upon your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.*
  • 2 ThankYou Points per dollar spent on dining at restaurants and entertainment. 1 ThankYou Point on other purchases.
  • Points do not expire and earn unlimited Thank You Points
  • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
  • Travel with ease and enjoy global acceptance with Chip Technology
  • No annual fee*
Apply for Citi ThankYou Preferred Card - Earn 20,000 Bonus Points
Citi Diamond Preferred Card

Citi Diamond Preferred® Card

Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
0%* for 18 months*
0%* for 18 months*
11.99% - 21.99%* (Variable)
ConciergeEventsCar Rental InsuranceExtended Warranty
  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
Apply for Citi Diamond Preferred Card
Chase Slate

Chase Slate®

Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
0% for 15 months
0% for 15 months
12.99%, 17.99%, or 22.99% (V)
  • Pay less interest. Save on balances and new purchases
  • $0 introductory balance transfer fee for transfers made during the first 60 days. After that, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.
  • 0% Introductory APR for 15 months on purchases and balance transfers. After the introductory period ends, a variable APR of 12.99%, 17.99%, or 22.99%.
  • $0 Annual Fee
  • Best 0% Offer in "Crowning 2013's Best Credit Card Offers" (January 14, 2013) -Forbes Online
Apply for Chase Slate

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Citi Diamond Preferred Card Review

With its 18-month 0% APR on purchases and balance transfers, the Citi Diamond Preferred Card is a great pick for people who carry a balance. While this card does offer a few other benefits, such as a concierge service, its main attraction is its ...
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.