Editorial Review

Citi Simplicity Review: 18 Months of 0% to Whittle Down Debt

Although it's not as good for balance transfers as it once was, this card still delivers solid value with a lengthy interest-free intro period and money-saving forgiveness for late payments.

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Our Take

3.6

Editor's overall rating

The Bottom Line: It has a nice 0% intro APR period, but its relatively high balance-transfer fee makes it more attractive for purchases than for transfers. Late-payment relief is a plus.

Citi Simplicity® Card - No Late Fees Ever

Citi Simplicity<sup>&reg;</sup> Card - No Late Fees Ever

on Citibank's secure application

Citi Simplicity® Card - No Late Fees Ever

Annual Fee
$0
Regular APR
15.74% - 25.74%

Variable

Intro APR
0% on Purchases and Balance Transfers for 18 months

Quick Facts

Annual Fee
$0
Regular APR
15.74% - 25.74%

Variable

Intro APR
0% on Purchases and Balance Transfers for 18 months

Alternate Pick: No balance transfer fee

American Express Amex EveryDay Credit Card

NerdWallet Rating

The Amex EveryDay® Credit Card from American Express

Great debt-relief features, plus rewards

Pay down debt without interest or fees. This card boasts a 0% intro APR period, a $0 annual fee and a $0 fee on balance transfers in the first 60 days. Meanwhile, your spending earns Membership Rewards points.

Read our review

Pros & Cons

Pros
  • No late fee
  • No annual fee
  • 0% on Purchases and Balance Transfers for 18 months
Cons
  • No rewards

recommended credit score

Full Review

The Citi Simplicity® Card - No Late Fees Ever boasts a lengthy 0% introductory APR period, as well as no late fees or penalty APRs if you miss a payment. If you’re looking to make a big purchase that you can take your time paying off, this card is a great choice. It’s also a decent option for those looking to pay down high-interest debt, but it charges a fairly high balance-transfer fee.

Citi Simplicity® Card - No Late Fees Ever: Benefits

  • A long 0% intro period. The Citi Simplicity® Card - No Late Fees Ever used to offer the longest 0% intro period of any card from a major issuer (21 months). That’s since been pared back, but you still get

    0% on Purchases and Balance Transfers for 18 months, and then the ongoing APR of 15.74% - 25.74% Variable APR. That’s a lot of time to pay off purchases or debt without any interest.

  • No penalties for late payments. With this card, you’ll never be charged a late fee, and your interest won’t go up because of late payments. Yes, you should always strive to pay your bills on time every month. And yes, paying late is a terrible habit: Most accounts aren’t as forgiving as this card, and your credit scores can suffer if you’re 30 days behind. But sometimes people get overwhelmed; if you do, this card can save your bacon.
  • You can choose your due date. If money is tight, being able to pick exactly when your payment is due can help you avoid overdrafts.

» MORE: Citi credit cards mobile app review

Citi Simplicity® Card - No Late Fees Ever: Drawbacks

  • A 5% balance transfer fee. Most cards charge you a fee to transfer a balance. A 5% fee is at the high end of the typical range, and it means this card is much more attractive for purchases than for transfers. For every $1,000 you transfer, the fee amounts to an additional $50 you’ll have to pay off. Some cards charge 3% or less, and a handful have no transfer fee at all. (The Citi Simplicity® Card - No Late Fees Ever used to charge only 3%, but it raised its transfer fee around the time it shrunk its 0% intro period.)
  • No rewards or sign-up bonus. This card’s value lies in its interest-free period and its forgiving nature. If you want rewards, look elsewhere.
  • Limited long-term value. Once the 0% intro period ends, there isn’t much incentive to keep using this card. The ongoing APR range is about average and, again, the card offers no rewards.

Citi Simplicity® Card - No Late Fees Ever: Alternatives

For a lower transfer fee and a long 0% intro period: U.S. Bank Visa® Platinum Card  

The U.S. Bank Visa® Platinum Card charges a 3% fee for transfers, and it gives you an introductory APR of 0% for 20 months on purchases and balance transfers, and then the ongoing APR of 11.74% - 23.74% Variable APR. The annual fee is $0*. It doesn’t have the late-payment forgiveness of the Citi card, but if you’re the type who always pays on time, you won’t miss it.

For rewards along with a 0% intro period: Chase Freedom®

The Chase Freedom® gives you 5% cash back in categories that change quarterly, on up to $1,500 in spending per quarter, and 1% back on all other purchases. You get an introductory APR of0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 16.74% - 25.49% Variable APR. Balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater. Plus, there’s a sign-up bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Looking for other options? NerdWallet can help you compare and determine the best credit card to get based on your needs.

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