Citi Simplicity Card Review: 0% for 21 Months, No Late Fees, No Penalty Rates

citisimplicity175New 21 month offer (1.75 years). I usually focus on rewards-earning credit cards, but I know many folks are still carrying some balances and thus more concerned about their whopping 15% interest rate rather than a relatively puny 2% back on purchases. Our partner Citi has launched the Citi Simplicity® Card, which is uniquely suited for those that want to transfer higher rate balances to a long 0% intro period while also offering some “accident forgiveness insurance”. The highlights:

  • 0% Intro APR on balance transfers for 21 months. Balance transfers must be completed within 4 months of account opening. Balance transfer fee is 3% of balance transfer amount, $5 minimum. This is one of the longest offers out there for balance transfers.
  • 0% Intro APR on purchases for 21 months. This means you can keep charging your new purchases on this card as well and also enjoy no interest for 21 months. Also one of the longest 0% offers available for purchases.
  • No late fees. If you’re late on a payment, you won’t be dinged with a ~$40 late fee as with many other cards.
  • No penalty APR. Even worse than a late fee, a missed payment can lead to a rate hike into a “penalty” APR rate as high as 25% or more. The Simplicity does not have penalty APRs.
  • No annual fee.
  • Direct to human help. If you call in and say “representative”, you’ll be transferred directly to a human, 24 hours a day.

The Citi Simplicity card does not earn any cash back, points, miles, or free toasters; I’d open a separate card for rewards. It does include additional purchase benefits such as Citi Price Protection (price drop protection on brick and mortar purchases) and free Extended Warranty (extends manufacturer’s warranty for up to 12 months).

Alternatively, the Chase Slate® Card offers 0% APR on balance transfers for 15 months with no balance transfer fee, but does not include some of the more consumer-friendly features of this card that ensure your low rates don’t get hiked.

To summarize, the Citi Simplicity® Card is a solid card with one of the longest 0% introductory periods currently available on both purchases and balance transfers. If you are serious about paying off some credit card debt, this offer will get you no interest for 1.75 years with minimal gotchas.

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.”


  1. If only we could still buy coins from the US mint at face value.

  2. Ikomrad says:

    Just launched? I’ve had this card for years. I haven’t used it except twice a year to keep them from closing it for lack of activity.

    If you are in debt, I recommend using the debt snowball method to pay the card off so fast that the interest rate is not even a factor in the equation. You’ll pay a hefty balance transfer fee to consolidate balances to this card, anyway.

    Does anyone know if this card can be converted to their cash back card that gives 2% back? That one is with having.

    • Ikomrad says:

      *Worth having*

    • “so fast that the interest rate is not even a factor in the equation”? If your interest rate is 15%, you’re paying 3% interest = 3% balance transfer fee in 2.4 months. If you can pay off your credit card debt in 2.4 months, you don’t need the debt snowball, debt tsunami, or debt snowflake. You just need to hurry up and transfer the money!

      This card is for people who need more than a couple months to pay off their balances.

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