Now that I have a high enough credit score to take advantage of certain deals, I’ve been hard at work piling up the rewards. My wife and I have had a lot of expenses in the last few months (between a sick puppy and an October due baby girl) and while I’ve been able to pay off the balances every month, we’re at the point where it’s time to take advantage of a nice interest-free loan.
One of the largest complaints consumers had about credit cards before the economy took a nose dive was hidden fees. It seemed that credit card issuers would not plainly disclose the over-limit, cash advance and late payment fees that made up billions of dollars is lost money for consumers every year. While the Credit Card Act of 2009 made strides towards fee transparency, the problem of credit card fees was not entirely solved. Thankfully however, Citi decided to take action, launching the fee-free credit card called the Citi Simplicity Card.
Sometimes, a name says it all and the Citi Simplicity® Card doesn’t disappoint. For starters, all cardholders will receive a 0% intro APR on both purchases and balance transfers for 18 months. If you do make a balance transfer, there is a fee of 3% (which happens to be the only fee associated with this card). Once the introductory rate expires, the standard purchase APR becomes a very manageable 12.99%, 15.99%, 18.99%, 20.99%, and 22.99% (based on credit worthiness) variable. Because there are NO fees on cash advances, this is the only card where quick cash can be a good idea.
The Citi Simplicity® Card doesn’t stop there in providing fee free benefits, as cardholders will never be charged a late fee or over-limit fee. This does not mean that cardmembers are allowed to miss payments at will, but Citi will gladly forgive one here or one there. If late payments are habitual, there is a chance a cardholders account will be closed.
A few additional perks to mention regarding the Citi Simplicity Card …
- Live customer service representatives 24/7/365. Never again will you call in for help and wait for a human being to pick up on the other end. Once your account number is entered, you’re next in line.
- No annual fee
Unfortunately, the Citi Simplicity Card does not carry a rewards program, so for consumers looking to maximize their credit card spending, this is not the card for you. However, for any potential cardholder looking for a card that will cost you next to nothing to own, even if you make a few mistakes, the Citi Simplicity Card is a perfect fit. To fill out an application or find more information online, visit the secure application page for the Citi Simplicity® Card using any link contained within this post.