Citi Simplicity® Credit Card Review

Citi Simplicity® Credit Card Review

This article explains the benefits and drawbacks of the Citi Simplicity® Credit Card. It provides a lengthy 0% APR period on balance transfers and new purchases (for 12 months on purchases and 21 months on balance transfers, 19.24% - 29.99% Variable after).

The Citi Simplicity® Credit Card from Citi has no annual fee, making it an ideal tool for paying off credit card debt. The card provides significant bonuses for people interested in making large purchases. Additionally, the Citi Simplicity® Credit Card does not have late fees or penalty rates. And while this card does not have a rewards system, it is still worth considering.

Rewards system in a nutshell

А number of balance transfer credit cards provide an opportunity for their cardholders to earn rewards in cash back, discounts, or travel miles. Unfortunately, this is not the case with the Citi Simplicity® Credit Card, as it does not include any kind of rewards program.

Who can benefit from getting the Citi Simplicity® Credit Card?

The Citi Simplicity® Credit Card is an excellent option for those interested in paying off existing credit card debt rather than earning profit from rewards. This card gives you a year and a half to repay the debt without charging any interest.

As the Citi Simplicity® Credit Card has one of the longest interest-free balance transfer periods available, it’s definitely a choice to consider. But you have to keep in mind that the transfer must be completed within 4 months from the account opening.

If you’re planning major purchases, Citi Simplicity® Credit Card 0% introductory APR will be appealing to you (12 months on purchases and 21 months on balance transfers, 19.24% - 29.99% Variable after).

This card may also be interesting to you in case you may miss one or two payments. The Citi Simplicity® Credit Card guarantees that no penalties will be imposed on you, and you’ll not suffer from having to catch up with additional charges. Nevertheless, we still do not recommend being late on your payments since it will affect your credit score.

Are there any other benefits of the Citi Simplicity® Credit Card?

Yes, the Citi Simplicity® Credit Card has some additional benefits that should be taken into account:

• Choose your payment due date - As a step to ensure maximum payment flexibility, the Citi Simplicity® Credit Card gives you the right to choose to pay your bill on any available due date in the beginning, middle, or end of the month.
• 24/7 Customer Service – the Citi Customer support service is available 24 hours a day, 365 days a year.
• $0 Liability on Unauthorized Charges - Citi provides protection against any unauthorized actions with the Citi Simplicity® Credit Card.
• Access to Citi Entertainment - All the cardholders of the Citi Simplicity® Credit Card have unlimited access to Citi Entertainment. It is an entertainment access program that provides early access and special perks at sport, music, cinema, and other types of events worldwide.
• Bank on-the-go with Citi Mobile App access. Citi Mobile App provides a significant number of paying options, allowing you to perform them by phone.

Conclusion

There is no doubt that this card is an excellent option for those interested in paying off their credit card debt or making a large purchase. Citi Simplicity® Credit Card also does not charge an annual fee.

On the other hand, the Citi Simplicity® Credit Card lacks a rewards system. Compared to other credit cards, it also provides a limited number of additional bonuses. Foreign transaction fee makes the card less tempting to use abroad.

Due to no late or penalty fees the Citi Simplicity® Credit Card is ideal for the forgetful and those who can slip on timely payments.

Overall, the Citi Simplicity® Credit Card is a good option for managing credit card debt, or making a significant purchase. However, once the 0% introductory APR period ends, the card loses its competitive advantage and becomes less beneficial.