|Highlights||Credit Card Feature|
|Things We Like||0% intro APR on purchases for 12 months and balance transfers for 21 months|
|Our Least Favorite||Balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater|
|Our Verdict||Great card for long introductory APR period with no annual fee|
Citi Simplicity® Card - No Late Fees Ever, a partner card issued by Citibank, has a very generous introductory APR periods for both balance transfers and purchases, and we consider it as one of the best balance transfer credit cards currently available in the US. If you have a credit card debt that you want to pay off, or if you want to make some big purchases and pay them off over a long period of time, this card makes it easy for you. If you have a tendency to make late payments, or simply don't enjoy worrying about being hit with a big penalty if you do, this card may also be a good fit.
In this Citi Simplicity® Card - No Late Fees Ever review, you'll find out exactly what this card gives you, and get a clear picture of how it compares to similar credit cards. Read on to find out if Citi Simplicity® Card - No Late Fees Ever is the card that can help you pay off your debt stress-free.
Things We Like About Citi Simplicity® Card - No Late Fees Ever
No annual fee - ever. You don't have to pay a single dollar of annual fees to use this card!
0% introductory APR on balance transfers for the first 21 months. If you think you will be able to pay off your balance in 21 months, then this is an ideal card since it allows you to do so without you having to pay a single cent of interest. This means that you have 21 months to pay off your debt without having to pay any interest fees. Remember that this introductory period will only apply as long as your transfers are done in full during the first four months of opening your account. After this introductory period, you will have a 14.74% - 24.74% variable APR, depending on your creditworthiness. There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater. Do note that you can only transfer an amount not exceeding your credit limit, including the balance transfer fee of 5%.
0% introductory APR on purchases for 12 months. For anything you purchase with this card for the first 12 months, you won't have to pay any interest even if you carry a balance from month to month. This will be particularly helpful if you have plans to buy something expensive such as a vacation package or a new TV. After this fixed 0% APR introductory period, there will be a 14.74% - 24.74% variable APR (depending on your creditworthiness).
No late fees - ever, if you make a payment after the due date. Most other cards charge you a late payment fee ($35 average). In the unfortunate event that you do miss a payment, you won't get hit with a nasty fee.
No penalty rate - ever. This is a benefit that very few cards offer. You need not worry about incurring penalty interest rates when you don't make your minimum payments on time, or if you go over your credit line. Most other credit cards charge a penalty APR of 29.99% or even more when you make a late payment or exceed your credit line. But note that making a late payment may still impact your credit score, and is generally a bad idea.
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Transfer any kind of debt. A big advantage of this balance transfer card is that you can transfer any kind of debt to it - even non-credit card debt. So for example you could transfer a student loan or auto loan debt to this card to benefit from the intro APR. There is only one rule: the account number can't include any letters and it must have at least five digits.
Free FICO score access. Another good perk that this card offers is a perk that seems to be trending lately on top credit cards. You can get free access to your FICO credit score, which is very convenient. The FICO Score is one of the most widely reviewed credit scores in the U.S., and gives you a very good idea of what you overall credit looks like.
Our Least Favorite Things About Citi Simplicity® Card - No Late Fees Ever
Balance transfer fee. Citi Simplicity® Card - No Late Fees Ever is a very useful balance transfer card thanks to the 0% intro APR on purchases for 12 months and balance transfers for 21 months it offers, 14.74% - 24.74% variable APR depending on your creditworthiness after that. But you do have to pay a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, whichever is greater. Depending on how much credit card debt you have, the interest you avoid thanks to the long APR period might well make up for what you spend on the balance transfer fee.
You pay a big fee to get cash. This card has a cash advance fee of either $10 or 5% of the amount of every cash advance, whichever is greater. So don't use this card to get cash at ATMs or other cash dispensers, or you will pay $10 minimum every time.
How Other Cards Compare With Citi Simplicity® Card - No Late Fees Ever
Citi Simplicity® Card - No Late Fees Ever makes it easy for you to pay off debt or buy big-ticket items by giving you a very long introductory APR period on both balance transfers and purchases, while charging no annual fees, no late fees and no penalty rates. Pedro Pla.
Citi Simplicity® Card - No Late Fees Ever is a good balance transfer card for those of you who would like to transfer your existing balances and stop paying any interest. This card offers a 0% intro APR on purchases for 12 months and balance transfers for 21 months (almost 2 years!), which gives you the opportunity to pay off your balances in full during those 21 months without having to pay any interest, as well as purchasing big-ticket items at 0% interest for 12 months. Even after that there will be a 14.74% - 24.74% variable APR on purchases and balance transfers based on your creditworthiness.
In my opinion, the most attractive feature of this card is that it does not charge any late fees or penalty APR when you make late payments or spend more than your available credit line. Your 0% intro APR will not be taken away, or be raised to a penalty interest rate, which is what almost all other credit cards will do. Remember though that you should always strive to pay on time so as not to accumulate debt.
Citi Simplicity® Card - No Late Fees Ever is a good card to use if want to stop wasting money on interest by paying off your debt, but at the same time can't afford to make high monthly payments. The lengthy intro APR period lets you break up your payments into almost 2 years worth of monthly payments. I would highly recommend it to those of you who want to enjoy the balance transfer benefits it has to offer. With no hidden fees or penalty APR, this really is a very simple and uncomplicated card, and in my opinion it definitely lives up to its name "Simplicity".
Click here to go to Citi's official website to apply online for Citi Simplicity® Card - No Late Fees Ever now.
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