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Citi Simplicity 0% Credit Card Review

Updated on November 27, 2012

Stop Paying Interest,Transfer Your Balance

I hate credit cards, so when I use them, I only use cards with zero percent interest. I ride out the free interest period until the end and transfer the balance to another zero percent card before interest on the old card kicks in. I have never paid interest on a credit card doing it that way. Recently, I was approved for the Simplicity Visa card and I was able to do a balance transfer.

Simplicity is probably one of the best zero percent credit cards available by Citi. In the past, I used Chase credit cards, but there are too many fees and the zero percent interest period with Chase cards usually don't last longer than twelve months. Citi cards usually provide longer periods of no interest. Getting approved for their cards is difficult sometimes, but it's worth applying.

The Citi Simplicity card comes with zero percent interest on purchases and balance transfers for the first 18 months. After the introductory period ends, the APR falls between 13% to 22%, depending on your credit status. If you like getting rewards, or cash back, this isn't a good card, but it's a great card if you're looking to transfer a balance over from another interest credit card.

No Hidden Fees

Previously, I had been using the Chase Slate card, but it had fees and penalties. If you accidentally make a late payment, you can lose your zero interest privilege and get charged a high rate not long after. Several banks, including Chase, charge late fees, which is usually $35, but it can be greater.

The Citi Simplicity card doesn't have any fees or penalties for making a late payment. When you transfer your balance over, you'll be charged 3% of the balance total, but that's normal with most credit cards and there's no way around it.

Added Benefits

Simplicity comes with a cool extended warranty feature that can save you money. Basically, if you make a purchase and the retailer is offering you an extended warranty that will cost more money, Citi will give you the extended warranty coverage for up to twelve months if it's a qualified purchase.

Citi also provides price protection on this card for up to $250. If you make a purchase and then the product price decreases within 60 days from the purchase, Citi will give you the difference in price. That's a pretty rare credit card feature and a nice added benefit.


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    • safiq ali patel profile image

      safiq ali patel 4 years ago from United States Of America

      I'm trying to learn to do this. Some people go places using clever knowledge of the finance industry. I always seem to get stuck.

    • Matt G. profile image

      Matt G. 4 years ago

      Credit cards are beneficial if used properly and responsibly. Read the fine print before filling out an application. If you're looking for a good credit card with no interest, the Citi Simplicity card is pretty good.

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