If you want simplicity and affordability, Citi Bank is the perfect provider of numerous financial products and services. Citi Simplicity card is one such example which comes with plenty of perks.
The card’s forgiving nature for late payments and one of the lengthiest 0% APR periods are the main highlights of Citi Simplicity. Other great perks include no annual fees and great APRs.
If you want to pay your debt or finance a large purchase, the Citi Simplicity card might be what you need. Keep reading to find out how to apply for a Citi Simplicity card!
Fees and Interest
Citi Simplicity card comes with 0% APR for purchases and balance transfers for one of the lengthiest periods – 18 months! After this period, the APR can range between 14.74% and 24.74%, based on your creditworthiness.
Furthermore, the 0% APR for balance transfers applies only if you complete the transfer within the first four months after you open your account. Cash advances APR is 25.24%, but it can fluctuate according to the Prime Rate.
When it comes to the minimum amount of charged interest, this is as low as $0.50. There is no annual fee for the Citi Simplicity Card, but there are some transaction fees. For balance transfers, you will have to pay 3% or $5 for each transfer, whichever is higher.
For a cash advance, the bank charges its account holders $10 or 5%, whichever is higher. Lastly, foreign transactions are charged with 3% fees after it’s converted into US$.
There is a penalty fee of up to $40 for returned payments, but there are no other penalty fees incurred.
How to Apply
This is a balance transfer card, so your credit score must be at least a good 670 FICO score or more. This will also help decide the APR you will have if you get approved. Furthermore, you need to be at least 18 years old to qualify for this card.
If you want to apply for Citi Simplicity Card, you need to access the Citi Bank website. Click on “Apply Now” and fill in the form with your name, date of birth, SSN.
Other financial information, such as your mortgage or rent payments and total yearly income, is also required.
If you would like to find out more about requesting a credit card, take a look here.
Bank Contact Details
Citi Bank stands out when it comes to customer service. For existing cardholders, the customer service number is written on the back of the card, and there is live help from a friendly representative 24 hours per day.
If you are not an existing customer, you can simply call 1 (800) 374-9700 to get in touch with Citi Bank representatives.
They also have a mobile app that can be used to contact the staff. Citi Bank’s main office is located at 701 East 60th Street North in Sioux Falls, South Dakota.
Features and Benefits
The major card benefit of Citi Simplicity Card is its long 18-month period with 0% APR, correlated with no annual fee. This comes as a viable solution if you want to make a large purchase, or you need to pay off existing debt.
Furthermore, the card is forgiving on late payments as there is no late penalty fee.
Citi Simplicity Card does not bring any other benefits to its cardholders. However, given its features, it is an excellent option for anyone who is currently paying high interest on an existing balance, and you want a longer period to make interest-free payments.
It’s important to keep in mind that the balance transfer needs to happen within a maximum of 4 months, and there is also a 3% fee on it.
The card also comes with theft solutions and purchase protection. This means that there is $0 liability on any unauthorized payments, online or not.
Citi Bank comes with no late fees or rates, and there is no annual fee either. If you want to pay off existing debt, finance a large purchase, or you often forget when your bills are due, Citi Simplicity is the ideal option.
It saves money on penalties and interest, and it is easy to apply for.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.