Review of the Citi Simplicity® Card - No Late Fees Ever

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Credit Card Applications » Research » Reviews » Citibank® » Simplicity® Сard from Citi: interest free introductory period with no late fees and no penalty APR

Simplicity® Сard from Citi: interest free introductory period with no late fees and no penalty APR


Updated: October 12, 2018

The content is accurate at the time of publication and is subject to change.
This content is not provided by Citi. 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 the Citi.
Citi Simplicity® Card - No Late Fees Ever
Citi Simplicity<sup>®</sup> Card - No Late Fees Ever Expert Rating:
  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee… EVER
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 15.99% - 25.99%, based on your creditworthiness

The Citi Simplicity® Card - No Late Fees Ever offers something that no other card does – a 0% interest offer that won’t go away if you miss a payment. That’s right. There are no penalty fees and no late fees for this card. Make a payment late and you won’t be slapped with a late fee or have your APR raised. The 0% APR lasts for 21 months and is good for balance transfers. The downside to this card is that it doesn’t offer any rewards program – but for customers who are prone to incurring late fees, this card might have more value than even cards with the best rewards programs.

Ongoing APR on purchases: 15.99% - 25.99%* (Variable) depending on creditworthiness
Credit level recommended:
Excellent, Good
Intro APR on purchases: 0%* 12 months on Purchases*
Intro APR on balance transfers: 0%* 21 months on Balance Transfers*
Annual fee: $0*

Special offers:

No interest on balance transfers for 21 months or no interest on purchases for 12 months. The Citi Simplicity® Card - No Late Fees Ever gives one of the longest 0% APR introductory periods on balance transfers out there. The balance transfer fee is 5%, but after that you’ll pay no interest at all for a year and a half – enough time to pay off a balance that would have taken you much longer at a high interest rate.

Save $715 in interest over 18 months

All figures are hypothetical and may vary individually

Earning rewards:

This card doesn’t have a rewards program – not even the Citi ThankYou points program that most Citi cards offer. The big draw of this card is the lack of fees or penalty rates.

Redeeming rewards:

No rewards program means no rewards redemption rules to navigate.

Benefits:

Although this card doesn’t offer rewards, cardmembers are eligible for Citi Price Rewind, a program that guarantees the lowest available price on registered purchases within 60 days. Just go to the Citi Price Rewind web site and register your purchase, and Citi will look for a lower price on that item for the following 60 days of purchase. If they find your item offered at a lower price, they’ll refund you the difference, up to $500 per item and $2,500 per year. Citi Simplicity® Card - No Late Fees Ever also offers complete 24/7 customer service by phone, email, or chat.

With Citi Simplicity there’s no late fee or penalty.

Considerations:

The cardinal rule of most balance transfers is to never make a late payment. Paying late puts an end to your 0% APR and could even make you subject to a penalty APR of 29.99% or higher. This card is unique, in that you can actually keep your 0% APR on balance transfers for the full 21 months, even if you slip up and miss a payment. There’s no penalty APR and no late fee, making this card perfect for someone who is worried about making payments on time. The 21 month 0% interest promotional period on balance transfers is just about the longest in the industry, giving you more than a year and a half to get rid of some lingering debt with no interest. Sure, there’s no rewards program, but if you’re looking to transfer a balance and pay it off, it’s better not to use the card too much anyway during that intro period. This card lets you focus on zeroing out your debt without worrying about late fees.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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