April 23, 2024

The Citi Simplicity® Card is extra of an interest-fighting weapon than a bank card. It’s not for everybody. However in case you are battling high-interest debt, you may get loads of worth from this card.

In the event you carry a big steadiness on excessive APR bank cards, the Citi Simplicity Card might prevent hundreds of {dollars} in the long term. Our overview will provide help to resolve if it’s match to your pockets.

Citi Simplicity Card

Credit score rating wanted


Steadiness switch intro apr


TIME’s Take

The card_name has annual_fees annual price, comes with an almost unprecedented 0% intro APR provide for steadiness transfers, and waives issues like late and returned fee penalties.

Sadly, that’s the place the advantages finish. The cardboard doesn’t provide rewards and has no different ongoing perks price mentioning. For that purpose, it is best to solely think about the card_name if you could consolidate high-interest debt from one other card.

Execs and cons


  • Glorious intro APR provide for steadiness transfers
  • No late fee penalties


  • No customary welcome bonus
  • No rewards program
  • Minimal ongoing advantages

Who’s the cardboard for?

The card_name is for anybody who’s struggling beneath the burden of excessive bank card curiosity costs every month. The cardboard presents 0% intro APR for 21 months on steadiness transfers and 12 months on new purchases. When the intro APR interval ends, the speed strikes to 19.24% to 29.99% Variable. Transferring debt from different excessive APR bank cards allows you to get a break from the curiosity costs you’ve incurred by carrying a steadiness month-to-month.

The credit score restrict you’re accepted for will rely in your creditworthiness, so it’s essential to have a “good” FICO credit score rating of at the very least 670. And you may’t switch a steadiness greater than your credit score restrict. In different phrases, in case your credit score rating solely qualifies you for a $2,000 credit score restrict, it gained’t assist a lot in case you are paying curiosity on a $10,000 steadiness.


Intro APR provide

The card_name’s largest upside is its intro APR provide. You’ll obtain 0% APR (then 19.24% to 29.99%) on:

  • Steadiness transfers for 21 months.
  • Purchases for 12 months.

It’s the very best steadiness switch provide within the enterprise, palms down.

No late charges

The card_name doesn’t cost a price if you happen to make a fee after your due date. Many playing cards cost penalties of as much as $41 for this.

No penalty APR

Most playing cards will cost the next rate of interest if you happen to make a late fee or your fee is returned because of inadequate funds. The card_name doesn’t do that. In case your fee is late, your APR stays unchanged.

The fantastic print

Annual price

The card_name is a no-annual price bank card, so that you gained’t pay to maintain this card in your pockets whether or not or not you’re utilizing it. You need to use the cardboard as a instrument to construct your size of credit score historical past and keep a decrease credit score utilization even after you’ve moved on to raised playing cards.


The card_name costs an everyday buy APR of reg_apr,reg_apr_type, primarily based in your creditworthiness. In the event you by no means carry a steadiness in your bank card, this gained’t have an effect on you.

There’s a money advance APR of cash_advance_apr, which is able to start accruing as quickly as you’re taking out the money advance.

Steadiness switch charges

Once you switch a steadiness to the card_name in the course of the first 4 months from account opening, you’ll pay both $5 or 3% of the quantity you switch, whichever is larger. After that, you’ll pay between $5 or 5% of your transferred quantity, whichever is larger.

Different charges

Different customary bank card charges nonetheless apply to the card_name, together with:

  • A international transaction price of foreign_transaction_fee.
  • A money advance price of cash_advance_fee.
  • A returned fee price of $41.

What could possibly be improved

The card_name just isn’t a rewards bank card. You may’t earn money again or factors once you spend, and there’s no welcome bonus. In different phrases, the cardboard loses most of its worth after you’ve used up the 0% intro APR provide. If Citi have been so as to add even a modest rewards program, the cardboard wouldn’t turn out to be out of date after a few years.

The card_name might additionally improve its intro APR for purchases from a modest 12 months. Loads of bank cards provide an analogous or higher interest-free interval for purchases.

Card alternate options




Backside line

When you have credit score rating, a whole lot of high-APR debt, and need to keep away from as many ancillary charges as doable, the card_name might prevent a whole lot (even hundreds) of {dollars} in curiosity funds.

Citi Simplicity Card

Steadiness switch intro apr


Common APR


Welcome provide


Often requested questions (FAQs)

Is the card_name onerous to get?

The card_name isn’t onerous to get. You need to have at the very least credit score rating (670 or above) for the very best probability at approval.

What sort of card is card_name?

The card_name is a 0% intro APR bank card, with an interesting steadiness switch provide.

How typically does card_name improve its credit score restrict?

You may request a credit score restrict improve as soon as each six months. Citi will base its determination in your creditworthiness—approval just isn’t assured.

The data introduced right here is created independently from the TIME editorial employees. To study extra, see our About web page.