Citi Simplicity Credit Card

Citi, founded over 200 years ago and ubiquitous in the banking world, has a diverse credit card offering. Although the bank has a handful of credit cards that offer 0% intro APRs for balance transfers, its two standouts are Citi Simplicity and Citi Diamond Preferred.

Citi Simplicity won out for us mainly due to its 3% balance transfer fee, while Citi Diamond Preferred's is 5%. Read on for details on what Citi Simplicity offers those looking to transfer credit card balances.

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Balance Transfer Offer Details

Citi's Simplicity Mastercard credit card offers a 0% intro APR for 21 months on balance transfers. This is currently the longest available 0% APR balance transfer offer on the market, matched by only a handful of other credit cards.

Balance transfers must be made within 4 months of account opening to qualify for the 0% offer, and the 21-month 0% APR period starts from the date of first transfer. If you have multiple balances to transfer to this card, keep this in mind. Each balance transfer has a 3% ($5 minimum) fee.

Once the 0% APR period ends, the variable APR on any remaining balance will be 19.24% to 29.99%, depending on your creditworthiness.

Purchase Offer Details

Citi Simplicity also offers a shorter 0% intro APR for 12 months on purchases from the date of account opening. The variable APR on purchases after 12 months is 19.24% to 29.99%, based on your creditworthiness.

Benefits

  • Longest available 0% APR balance transfer period on the market
  • You have 4 months to transfer balances to the card and still qualify for 0% intro APR
  • Balance transfer fee of 3% is lower than many cards
  • No late fees, no penalty rate, no annual fee

Drawbacks

  • No rewards program
  • No welcome offer (apart from the 0% intro APR offer)
  • 3% foreign transaction fee

Customer Reviews

Simplicity has 4.6/5 stars with over 7,300 reviews on the Citi website. It is tied for the second-highest rating of the 14 cards Citi offers, with only the Costco Anywhere Visa slightly higher at 4.7/5.

Simplicity also has the second-highest number of reviews of the 14 cards, again coming in behind the Costco Anywhere Visa, making it one of Citi's most popular credit cards.

Summary

Citi Simplicity offers a highly competitive 0% intro APR for 21 months on balance transfers made within 4 months of account opening, with a 3% fee for balance transfers. These are some of the best terms currently available for balance transfers.

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