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Citi Simplicity Card – No Late Fees Ever

Citi Simplicity Card – No Late Fees Ever

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This article was last updated Jul 27, 2018. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

The Citi Simplicity® Card - No Late Fees Ever, issued by our partner Citi, is a great option if you have a large amount of high interest debt that you need to pay down or if you have a tendency to miss your payment due date.

We break down the pros and cons of the Citi Simplicity® Card - No Late Fees Ever, and show how it compares to another balance transfer credit card – the Chase Slate®.

Along with offering one of the longest introductory periods currently available for balance transfers, the card provides helpful tools, such as automatic account alerts and the ability to choose your payment due date. However, if you do happen to pay your bill late, you will not be hit with late fees or penalty APRs.

Citi Simplicity® Card - No Late Fees Ever pros

Intro APR on balance transfers. With the Citi Simplicity® Card - No Late Fees Ever, you can transfer a balance to save on interest charges for more than a year. The card offers an intro APR of 0% for 18 months on balance transfers. Once the promotional period ends, you will be subject to an ongoing APR of 14.74% - 24.74% (variable) on any remaining balance.

Intro APR on purchases. Along with an intro APR on balance transfers, the Citi Simplicity® Card - No Late Fees Ever offers an intro APR of 0% for 18 months on purchases. This gives you the opportunity to finance a large purchase and pay it off over time without being charged interest during the promotional period. After the intro period ends, the Citi Simplicity® Card - No Late Fees Ever has a regular APR of 14.74% - 24.74% (variable).

Limited fees. The Citi Simplicity® Card - No Late Fees Ever comes with a $0 annual fee. Additionally, if you pay your bill late, you will not be subject to late fees or a penalty rate, but know that late payments will still negatively impact your credit score.

Additional Citi Simplicity® Card - No Late Fees Ever Ever benefits

  • Citi® Identity Theft Solutions. You can contact a Citi® Identity Theft Solution Specialist to assist you with identifying compromised accounts and advise you on filing police reports and taking steps to recover from identity theft.
  • 24/7 customer service. Get help with almost any account question by calling the customer service number on the back of your card and speaking with a representative at any time.
  • Choose your payment due date. Have the flexibility to change your due date to a day that works for you. There are select available due dates in the beginning, middle or end of the month. Keep in mind, not all dates are available and it may take up to two billing cycles to process your request. You can only change your due date twice a year.
  • Automatic account alerts. Set up alerts to remind you about balance levels, payment due dates and when you go over your limit.

Citi Simplicity® Card - No Late Fees Ever cons

Balance transfer fee. The Citi Simplicity® Card - No Late Fees Ever charges a balance transfer fee – either $5 or 3% of the amount of each transfer, whichever is greater.

There are credit cards available that don’t charge balance transfer fees; however, those cards typically offer shorter introductory periods on balance transfers than the Citi Simplicity® Card - No Late Fees Ever.

Read: Credit Cards With No Balance Transfer Fee

No rewards program. You won’t earn a sign-up bonus or rewards on the purchases you make with the Citi Simplicity® Card - No Late Fees Ever. That said, it’s best to prioritize paying off your full balance before the intro purchase or balance transfer offer ends over earning rewards on new purchases.

Compare it with the Chase Slate® credit card

Depending on your circumstances, you may benefit more from the Chase Slate® than the Citi Simplicity® Card - No Late Fees Ever. The Chase Slate® has an intro balance transfer fee of $0 for the first 60 days that your account is open, after that, either $5 or 5% of the amount of each transfer, whichever is greater.. But the promotional timeframe is a bit shorter.

As the Citi Simplicity® Card - No Late Fees Ever charges a balance transfer fee, you could save money with Chase Slate®. For example, if you transfer $10,000 worth of debt to the Citi Simplicity® Card - No Late Fees Ever, you will be subject to a balance transfer fee of $300. However, if you transfer that same amount to the Chase Slate® card in the first 60 days of card membership, you will not be charged a balance transfer fee.

Note: Currently, applications for the Chase Slate® card are only available by visiting  a Chase branch.

See how the cards stack up side by side below.

Citi Simplicity® Card - No Late Fees Ever vs. Chase Slate®

 Citi Simplicity® Card - No Late Fees EverChase Slate®
Annual fee$0$0
Intro APR on purchases0% for 18 months on purchases, then 14.74% - 24.74% (variable).0% Intro APR on Purchases for 15 months, then 16.49% - 25.24% variable.
Intro APR on balance transfers 0% for 18 months on balance transfers, then 14.74% - 24.74% (variable).0% Intro APR on Balance Transfers for 15 months, then 16.49% - 25.24% variable.
Balance Transfer FeeBalance transfer fee – either $5 or 3% of the amount of each transfer, whichever is greater.$0 for the first 60 days that your Account is open, after that, either $5 or 5% of the amount of each transfer, whichever is greater.
Transfer Period4 months from account opening.60 days from account opening.
Sign-up bonusNone. No bonus
Rewards rateNoneNon-rewards card

A downside of the Chase Slate® is its shorter intro periods. Additionally, the Citi Simplicity® Card - No Late Fees Ever lets you take advantage of the introductory promotional period during the first four months of card membership, while the Chase Slate® only allows 60 days.

Read our Chase Slate® card review.

Which credit card is best for you?

For people looking to escape from high-interest debt, it’s tough to beat the Citi Simplicity® Card - No Late Fees Ever. The card offers a lengthy intro period on balance transfers, which can save you a significant amount of money. Additionally, the card offers a $0 annual fee, no late fees and no penalty APR.

Or, if you think you can pay off a transferred balance in less time, the Chase Slate® may save you even more money – as long as you transfer your balance in the first 60 days of account opening to avoid balance transfer fees.

But before signing up for either balance transfer credit card, use our balance transfer calculator to see how long it may take you to pay off your credit card debt.

The information related to Citi Simplicity® Card - No Late Fees Ever and Chase Slate® has been independently collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication.


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