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The Citi Simplicity® Card has an astonishing 21 month Intro APR period for balance transfers, plus no annual fee, no late fees, and no penalty rates, making it an excellent choice for anyone looking to pay off debt!
Benefit Summary:
- 0% Intro APR on Balance Transfers for 21 months – one of the longest intro APRs for balance transfers ever! With reg_apr,reg_apr_type thereafter.
- 0% Intro APR on Purchases for 12 months. reg_apr,reg_apr_type thereafter.
- Free access to your FICO score.
- No annual fee.
- No late fees and no penalty APR.
High interest credit card debt can eat up your funds and make saving money seem impossible. If you’re making multiple payments on different debts each month, you could be losing money due to interest costs. That’s where a balance transfer credit card, such as the Citi Simplicity® Card, could be helpful!
Great For Zero % APR on Balance Transfers and Purchases | Citi Simplicity® Card | |
Benefits
| Additional Details 0% Intro APR for 21 months for balance transfers completed in the first four months, plus 0% intro APR on new purchases for 12 months. thereafter. No late fees or penalty rates for late payments. Fraud Early Warning and $0 liability on unathorized charges. |  |
Intro APR 0% Intro APR for 21 months for balance transfers completed in the first four months, plus 0% intro APR on new purchases for 12 months. thereafter. | Annual Fee | |
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Why We Like This Card
With the Citi Simplicity® Card, you can consolidate multiple debts and benefit from their 0% Intro APR for balance transfers for 21 months, then reg_apr,reg_apr_type APR thereafter. This means that for nearly two years, you won’t have to pay any interest on your balance transfers, and you can simply focus on paying down debt! Hence the credit card name – Citi Simplicity®! If you have high interest debt, not paying any interest for almost two years and solely focusing on paying down the principal can make a huge difference.
Learn More about the Citi Simplicity® Card
This card is ideal for individuals with less than $25,000 in debt, who want to consolidate their debt, and want to focus on paying down their debt without an interest expense. Balance transfers must be completed within the first 4 months of account opening. There is a balance transfer fee of $5 or 3% of the amount of the transfer (whichever is greater), but considering how much money you can save on interest, this fee can be offset with your savings.
In addition, the Citi Simplicity® Card has a 0% Intro APR for purchases for 12 months (then reg_apr,reg_apr_type APR thereafter), also making it useful if you have a large purchase that you want to make without spending a lot on interest. While the length for the Intro APR for purchases isn’t too unusual, the Citi Simplicity® Card has one of the longest intro APRs for balance transfers available, making it great for those looking to consolidate debt and save on interest.
No Annual Fee, No Penalty Rate, No Late Fees!
To help make this card even more affordable, the Citi Simplicity® Card has no annual fee, no penalty rate, and no late fees! Many other cards will charge a penalty rate or late fee if you miss a payment, but you don’t have to worry about those extra costs with this card. It’s important to note that you should still make payments on time, as your credit score could be hurt otherwise.
One downside of the Citi Simplicity® Card is that it doesn’t have any rewards points, which can affect the long-term value of the card. However, by taking away the distraction of rewards points and spending, you can solely focus on paying down your debt and saving money on interest!
Recommended Credit Score
Because of the benefits this card has, the Citi Simplicity® Card is suggested for those with a good, very good, or excellent credit score (670 or above). That being said, there have been cases of individuals with a score in the mid-600s of being approved. You can try increasing your credit score by making payments on time, not maxing out your credit accounts, and monitoring your credit for errors or fraudulent activity.
Quick Review
If your goal is to find a balance transfer credit card with a long 0% Intro APR period, you’ll be hard pressed to find one better than the Citi Simplicity® Card. With 0% interest for balance transfers for 21 months, plus other bonuses like no annual fee, no late fees, and no penalty APRs, the Citi Simplicity® Card takes the cake for balance transfers! In addition, it offers a 0% Intro APR for purchases for 12 months, which will be useful for any large purchases you make after account opening.
Other Great Balance Transfer Cards
Want to learn more about balance transfer credit cards? Here are some other great options to consolidate debt and save money on interest!
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Chase Freedom Unlimited® | Citi Simplicity® Card | Citi® Double Cash Card | Chase Slate Edge℠ | Citi Rewards+® Card |
Annual Fee: $0 | Annual Fee: $0 | Annual Fee: $0 | Annual Fee: $0 | Annual Fee: $0 |
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RateZip has partnered with CardRatings for our coverage of credit card products. RateZip and CardRatings may receive a commission from card issuers.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. RateZip does not review every company or every offer available on the market.