Editor’s note: This is a recurring post, regularly updated with new information and offers.
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Citi Simplicity Card overview
The Citi Simplicity® Card is a straightforward card that offers an introductory APR on purchases and balance transfers when you open the card. However, the no-annual-fee card doesn’t offer rewards, its benefits are minimal and its variable APR rates are relatively high. Card rating*: ⭐⭐
*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
As TPG’s Brian Kelly knows first hand, getting out of debt can be difficult. But, if you’re working to pay down credit card debt or are looking to pay off a large purchase over time, you may find the Citi Simplicity® Card’s low introductory annual percentage rate (APR) rate for purchases and balance transfers useful.
Let’s take a closer look at this no-annual-fee card so that you can decide whether or not it’s right for you.
The information for the Citi Simplicity Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
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Citi Simplicity Card welcome offer
The Citi Simplicity doesn’t offer a cash or rewards bonus when you sign up. Its main allure is two introductory APR offers to new cardholders.
You’ll automatically get 0% introductory APR on purchases for 12 months from the date you open your Citi Simplicity card account. After that, your APR will range between 19.24% to 29.99% variable based on your creditworthiness.
Also, for balance transfers that you complete within four months of opening your Citi Simplicity, you’ll get 0% introductory APR for 21 months from the date of the first transfer. Once the introductory period is over, your APR will be 19.24% to 29.99% variable based on your creditworthiness.
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There is a balance transfer fee of either $5 or 5% of the amount of each credit card balance transfer (after the four month introductory period), whichever is greater.
Note that once your introductory purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances — including any transferred balances — are paid in full.
Related: The best balance transfer credit cards
Citi Simplicity Card benefits
The Citi Simplicity doesn’t offer any rewards and only has minimal perks. These are the benefits that you can expect from this card:
Earning rewards on the Citi Simplicity Card
Again, because the Citi Simplicity doesn’t earn rewards of any kind, the main reason to use it is its introductory APR offers for purchases and balance transfers. If you’re not trying to pay down debt, you have little reason to open this card. If you opt to use these introductory offers, you’ll want to pay off your balance in full within the introductory period.
It’s imperative to understand what happens once your introductory purchase APR period ends if you are also using the introductory balance transfer APR offer. At this point, new purchases and unpaid purchase balances will automatically accrue interest until all balances, including transferred balances, are paid in full. To minimize the interest you pay at the variable APR rate, you’ll want to pay off your purchase balance in full and stop using the card for new purchases until you’ve paid off the entire balance on your card in full.
The Citi Simplicity card charges a 3% foreign transaction fee, so you won’t want to use it for purchases outside the U.S.
Related: Seven ways to improve your finances in 1 week
Which cards compete with the Citi Simplicity Card?
If you’re looking to build your credit, you have several options; one of these might be a better fit than the Citi Simplicity.
- If you want to earn bonus rewards while building credit: The Discover it® Secured Credit Card earns 2% cash back at gas stations and restaurants (up to $1,000 in combined purchases each quarter) and unlimited 1% cash back on all other purchases.
- If you already have a good credit score: The Citi Double Cash® Card (see rates and fees) earns unlimited 2% cash back on all purchases (1% when you make a purchase, and 1% as you pay). Its simplicity makes it one of our favorite starter reward cards. For more details, see our full review of the Citi Double Cash.
The information for the Discover it Secured Credit Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
For additional options, check out our picks for the best secured credit cards and the best starter credit cards.
Related: How to earn points and miles with fair to poor credit
Is the Citi Simplicity Card worth it?
The Citi Simplicity Card can be a good option if you are looking for a card that offers an introductory APR on purchases or that doesn’t charge late fees or penalty interest. But, other cards offer lower variable APR and lower balance transfer fees, so you may want to consider a different card depending on your needs.
Bottom line
The Citi Simplicity card doesn’t earn any points — or any other type of rewards, for that matter — but may be a good option if you’re looking to make a large purchase and have more time to pay that balance off. If you’re looking for a way to rebuild your credit score and take advantage of a long introductory APR period, this card could be a fit for you.
