Citi Bank is a popular financial institution with a wide palette of financial products and services. Whether you need low fees or great interest rates, they can cater to any requirement.
One such versatile offer is Citi Simplicity credit card. Among its great perks, it has a lengthy 0% APR rate, which offers you the financial flexibility you need.
Citi Simplicity credit card is one of the most advantageous credit offers on the market. Let’s find out more about it and how to apply!
Fees and Interest
Citi Simplicity comes with a variable APR period that can be between 14.74% and 24.74% for both balance transfers and purchases. The actual rate you will be charged with is established by the bank’s representatives after you send your application.
However, one of the best advantages of the Citi Simplicity card is that it comes with 0% APR for as long as 18 months after you open your account. You have one year and a half for your purchases or balances without spending any money on the interest.
If you want to transfer your balance, you need to do so within the first 4 months in order to take advantage of this exclusive offer.
For people who wish to transfer their balances from other credit cards, it is worthwhile to mention that there is a 3% fee on the transaction or a minimum of $5 for it. If you are charged any interest on your balance, this has to be a minimum of $0.50.
Cash advances come with an APR of 25.24%, so it is essential to pay this back as soon as possible. Furthermore, you will be charged a fee of 5% or a minimum of $10 for this operation.
If you plan to use this card abroad, the bank will charge you a 3% fee of the amount due to the foreign transaction policy. Lastly, Citi Bank charges up to $40 for returned payments, but there is no annual fee and no late payment fees.
How to Apply
To get access to the Citi Simplicity card, you need to have a good credit history mirrored into your credit score. It’s recommended to apply only if you have a minimum score of 670. As for the age criteria, any applicant must be at least 18 years old.
If you are eligible, you can head to the Citi Bank website and click on “Apply Now”. You will shortly be redirected to a form that needs to be filled in with your personal and contact details.
Furthermore, you need to provide financial information, including your yearly income, any other expenses you may have, such as rent or mortgage, and others.
Bank Contact Details
Whether you are a current or prospective Citi Bank customer, you can contact the bank directly and get access to more details. Their friendly customer service team is available 24 hours per day, so you can contact them at any time.
Citi Bank is located at 701 East 60 Street North, Sioux Falls, South Dakota.
You can dial 1 (800) 374-9700 if you’d like to get in touch with them over the phone with any questions or for more information.
Features and Benefits
Citi Simplicity card comes with many benefits, but one of the main highlights is, of course, the 0% APR period. For one year and a half, you have the possibility to pay off debt without incurring any extra charges.
If you want to plan your next holiday or surprise a loved one with an expensive gift, Citi Bank offers the possibility to make your dreams come true.
There is no late penalty fee, unlike other banks. You can also choose this credit card if you want to pay off the existing debt that you have already accumulated.
However, make sure you do so within 4 months after you open the account in order to benefit from the 0% APR period.
If you are looking for another great option, take a look here at the Walmart Rewards Mastercard credit card.
Summary
The bottom line is, if you want an affordable way to finance a large purchase or pay off debt, Citi Simplicity credit card is perfect for your needs.
It offers you the chance to save significant amounts of money since there is no interest on your balance for up to 18 months.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
