Will the Citi Simplicity® Credit Card really simplify your life? This Citi Simplicity®, from our partner Citi®, cuts annual fees and offers 0% APR for the first 18 months. It goes without saying that it really blows the competitors away when it comes to the length of its interest-free period. The real kicker is that this card guarantees no late fees or penalty rates. You can also set your own monthly payment due date. This option is great for someone looking to space out credit card payments so that they don’t come at the same time every month as a student loan or mortgage payment.
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A Look at Perks
While this card doesn’t offer any flashy rewards programs, it does offer a unique perk called the Citi Price Rewind. This feature tracks your online purchases for 30 days and gives you back the difference if a price that’s at least $25 less than what you paid is discovered. This feature is capped at $250 per item and $1,000 annually. The card also provides up to $1,000 worth of protection for items that are stolen or damaged within 90 days of purchase. Another great perk offered by this card is something called Citi Private Pass. This program gives you access to tickets for various events and concerts before they go on sale.
Where the Citi Simplicity® Credit Card Falls Short
The drawback of the Citi Simplicity® Credit Card is that it doesn’t offer any rewards. While the initial interest-free period is a sweet spot, the card differs little from other credit cards on the market once that honeymoon phase is over.
Who Is the Citi Simplicity® Credit Card Ideal For?
This card is perfect for anyone who is sometimes a few days late on making payments. This card ensures that you don’t have to be totally organized with bill paying in order to avoid fees and penalties. This card is also great for anyone who has some big expenses but needs a few months of interest-free payments in order to pay it off.
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Who Should Skip the Citi Simplicity® Card?
This isn’t the ideal card for someone who likes to accumulate points for cash back. While the features of this card are generous, you won’t enjoy the thrill of the chase like you would with other cards that are more generous with rewards. If you are the type who always pays your balance in full, you might want to focus on getting back some points for your purchases instead of worrying about the low-interest rate and flexibility offered by the Citi Simplicity® card.