One of the Longest 0% APR Offers


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  • Pros & Cons
  • Details

  • Pros
    • Offers one of the longest intro APR periods for balance transfers (21 months)
    • No late fees or penalty APR for late payments
    Cons
    • Higher balance transfer fee than some other cards
    • Doesn’t offer rewards, so you may want to upgrade to another card once you’re done paying off your debt
    • No Late Fees, No Penalty Rate, and No Annual Fee… Ever
    • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 14.74% – 24.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
    • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
    • The standard variable APR for Citi Flex Plan is 14.74% – 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.
    • Stay protected with Citi® Quick Lock and $0 liability on unauthorized charges


    Read Our Review
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    Review: Is the Citi Simplicity the best credit card for you?

    The credit cards available nowadays have never been more exciting. Banks continue to debut new, benefits-packed credit cards with large sign-up bonuses worth potentially thousands of dollars, and some existing rewards credit cards have added perks or improved their welcome offers.

    But not all of us qualify for those cards for reasons like a low credit score or a significant amount of debt. In this case, the Citi Simplicity® Card may be a great fit for your situation. It doesn’t charge late fees, a penalty rate, or an annual fee.

    There are three scenarios in which you should open the Citi Simplicity® Card:

    If none of the above describes you, there are other more valuable credit cards that will serve you better. The Citi Simplicity® Card doesn’t come with many perks at all, and it offers zero rewards for spending. It doesn’t even come with a traditional welcome offer of bonus rewards.

    Read more: The best credit cards with balance transfer offers

    However, the card can be helpful to those carrying big balances on high-interest credit cards. The Citi Simplicity can give you a chance to get ahead of crippling monthly interest fees by giving you a long 21-month introductory 0% APR on balance transfers, and a 0% APR on purchases for 12 months (then a 14.74% – 24.74% Variable APR).

    Comparison: Citi Simplicity vs other Citi balance transfer cards

    Citi Simplicity vs other cash-back credit cards

    How to earn rewards from the Citi Simplicity card

    The Citi Simplicity® Card doesn’t earn rewards. You will not earn points or cash back for spending on the card.

    Benefits and features

    0% intro APR on new purchases and balance transfers

    In lieu of a sign-up bonus, the Citi Simplicity® Card offers generous 0% introductory APR windows for both new purchases and balance transfers: 

    • 0% intro APR on purchases for 12 months from account opening (then a 14.74% – 24.74% Variable APR)
    • 0% intro APR on balance transfers for 21 months from date of first transfer (then a 14.74% – 24.74% Variable APR)

    The ability to carry a balance for 21 months with zero interest puts the Citi Simplicity® Card at the top of the class in its category. As long as you make at least the minimum payment each month, 100% of your money goes toward paying off your balance.

    Read more: Using a 0% APR credit card can save you money on interest, but be sure to avoid these pitfalls that could hurt you in the long run

    This is a powerful tool to reduce debt, as many popular cards charge interest rates of more than 20%. Anyone who finds themselves in a lot of debt with one of these cards may transfer some or all of their balance to the Citi Simplicity® Card to keep it from snowballing.

    Helpful account management tools

    There are a few minor benefits that come with the Citi Simplicity to help you effectively manage your card:

    • Ability to change your payment due date
    • Citi Identity Theft Solutions (helpful if you’re a victim of identity theft)
    • Account alerts that keep you up to date on things like upcoming payments and when you exceed your credit limit
    • 24-hour customer support
    • Free FICO score

    No annual fee, late fees, or penalty rates

    This card charges an annual fee of $0, meaning you can keep it forever at no cost. No-annual-fee cards are important tools for building your credit score, as they will increase the length of your average credit history.

    Just make sure you swipe it every once in a while to avoid Citi proactively canceling your card due to inactivity. Using your card for a purchase every six months is a good rule of thumb.

    Read more: The best credit cards with no late fees

    With the $0, you won’t ever pay a fee for late payments (there is a fee of up to $40 for returned payments, however), and there’s no penalty APR like most cards charge if you have a late or returned payment. 

    Regular APR

    14.74% – 24.74% Variable

    Credit Score

    Good to Excellent

    Intro APR

    0% intro APR on purchases for 12 months and on balance transfers for 21 months

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  • Pros & Cons
  • Details

  • Pros
    • Offers one of the longest intro APR periods for balance transfers (21 months)
    • No late fees or penalty APR for late payments
    Cons
    • Higher balance transfer fee than some other cards
    • Doesn’t offer rewards, so you may want to upgrade to another card once you’re done paying off your debt
    • No Late Fees, No Penalty Rate, and No Annual Fee… Ever
    • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 14.74% – 24.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
    • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
    • The standard variable APR for Citi Flex Plan is 14.74% – 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.
    • Stay protected with Citi® Quick Lock and $0 liability on unauthorized charges


    Read Our Review
    Read Our ReviewA looong arrow, pointing right

    Fees and costs

    If you plan to take advantage of this card’s 0% APR intro offers, be sure you pay off your balance before the introductory period ends or you’ll immediately begin incurring interest fees of 14.74% – 24.74% Variable.

    Also, note that there’s a balance transfer fee of 5% of your transfer amount or $5 — whichever is greater. For example, if you plan to transfer $6,000 to your Citi Simplicity® Card, you’ll pay a one-time $300 fee — and then be free of interest for the next 21 months. Again, you must at least make minimum monthly payments, but your full payment amount will go toward paying down your debt.

    This initial fee isn’t ideal, but it can still save you many hundreds of dollars over slowly chipping away at your balance on a high-APR credit card. The Citi Simplicity® Card‘s lack of penalty rate also makes it customer-friendly. 

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