Citi Simplicity Credit Card – Learn the Benefits and How to Apply

There are a lot of credit cards and credit products on the market that promises a whole lot of mouth-watering benefits. However, only a few of these hold up their promises or offer the right experience to go with these benefits. 

The Citi Simplicity Credit card is one of these few credit products. You should know all of the details about this card so you can make the right decision when comparing credit cards. 

ADVERTISEMENT

Our article presents you with all you need to know about the Citi Simplicity credit card, including the main perks you enjoy with the Citi Simplicity credit card, the fees you pay while using the Citi Simplicity credit card, and the application process. So let’s dive right in.

  • About the Citi Simplicity Credit Card 
  • Features of the Citi Simplicity Credit Card
  • How Do You Apply for the Citi Simplicity Credit Card?
  • Citi Simplicity Credit Card Fees and Interest
  • Pros of the Citi Simplicity Credit Card
  • Citi Bank Address and Contact
Review: Citi Simplicity Credit Card | The News Journos
Image source: The News Journos

About the Citi Simplicity Credit Card

Issued by Citi Bank on the MasterCard network, the Citi Simplicity credit card presents you with perks that help you reduce costs while increasing convenience and protection on your financial credit activities.

Image Source: MyBankTracker

One of the most popular credit products in the US, the Citi Simplicity credit card offers enticing offers on certain activities, especially purchases and balance transfers. You also get an introductory APR offer on these two activities that span up to 21 months.

ADVERTISEMENT

Although you don’t earn rewards on using the card, the perks accompanying it certainly make up for any additional advantages a rewards card from Citi Bank may offer you. This isn’t all the basic information you need to know about the Citi Simplicity credit card, though, especially if you live in the US.

For a Global Audience

The Citi Simplicity credit card is available for use anywhere in the world that supports MasterCard services. This includes countries in Asia, Europe, and even Africa, among other continents.

With Citi Bank majorly based in the US and even serving as the country’s third largest bank, you also have the most extensive coverage of the country’s credit card products and services. Residents across all 50 states have access to these products and services 24/7 through Citi Bank’s online portals, call lines, and physical branches.

ADVERTISEMENT

Features of the Citi Simplicity Credit Card

The unique selling point of the Citi Simplicity credit card is its low introductory APR offers on purchases and balance transfers and its barrage of fee waivers.

person holding credit card swipe machine

You enjoy a 0% APR charge on purchases for the first 12 months and a 0% APR charge on balance transfers for the first 21 months of opening the account. All these come with no hidden fees, zero annual fees, and zero penalty fees for late payments.

In addition to this credit, advantages are perks relating to the convenient and secure use of credit card. To start with, you receive automatic account updates through email and phone, which include information on your account balance, due payments, and when you exceed your credit limit. 

The Citi Simplicity credit card is enabled with contactless payment, allows you to choose when and how much you pay back flexibly, and equips you with digital wallets for faster internet transactions. 

Fraud Protection

The card comes with two features that ensure you don’t take up more debt to your name when your card has been compromised. First, you get $0 liability for unauthorized transactions on the card, whether this transaction is carried out physically or through the internet. 

Thanks to MasterCard’s identity theft protection program, the credit card prevents fraudulent individuals from extracting your important personal information. You enroll in the program for free, and MasterCard immediately begins to monitor for suspicious activities on the card.

How Do You Apply for the Citi Simplicity Credit Card?

Getting your very own Citi Simplicity credit card is a fairly straightforward process, and this process is even easier if you already have an account with Citi Bank.

Visit the Simplicity credit card application page to begin and comprehensively fill out the application form with all your information. This includes compulsory information like your full name, social security number, annual income, mortgage responsibilities, and optional information like additional home phone numbers and PO box addresses, among others.

You create a security password, agree to all the terms and conditions, then click on the “Agree and Submit” button to complete the whole process. It takes about seven business days for Citi Bank to process your application and inform you if it has been approved or not. However, this isn’t the only way to apply for the Citi Simplicity credit card. 

Applying Through Calls and Physical Branches

If you live in the US and want hands-on service from custom customer support in applying for the card, you may either make a call or visit a branch near you. Calls to Citi Bank representatives may be placed through 1-800-492-2127

One last thing to point out about the application process is Citi Bank’s pre-approval program for credit cards. Through its pre-selection portal, you get to know whether you may be successful with your credit card application without affecting your credit score. 

Now, what are the different fees you expect to pay when you make use of the card?

Citi Simplicity Credit Card Fees and Interest

The Citi Simplicity credit card waives most of the major fees you typically pay with other credit cards. These waivers last between 12 months to your lifetime use of the card and help you reduce your credit responsibilities in the long run.

Image Source: Unsplash

Here is a breakdown of all charges associated with the card.

  • Sign-up Fee – $0
  • Annual Fee – $0
  • APR – 0% for the first 12 months after you get your credit card account, then a subsequent variable APR between 16.99% and 26.99%, depending on your creditworthiness. The minimum interest payment is also set at $0.5
  • Balance Transfer Rate – 0% for the first 21 months, which applies only if you make a balance transfer within the first four months of opening your credit card account. Citi Bank charges 5% of each balance transfer amount at a minimum of $5 after this promotional period ends. This means you are charged $5 for any cash advance amount below $100. You are also charged an APR between 16.99% and 26.99% for balance transfers. 
  • Cash Advance Rate – Variable APR.of up to 27.49% on regular cash advances
  • Cash Withdrawal Fee – 5% of the amount at a minimum of $10 for cash withdrawals
  • Foreign Transaction Fee – 3% of the purchase amount
  • Late Payment Fee – $0 penalty fee for late payment

Citi Simplicity Credit Card Eligibility Criteria

Your creditworthiness is the major eligibility criterion considered during the credit card approval process and also determines the offers you receive on the card. For the Citi Simplicity credit card, you need a good credit score of at least 700.

Although there are no minimum income requirements, you need to have a source of income to go through the application process. Apart from the additional requirement of being at least 18 years of age, every other eligibility criteria are presented to you in the credit card application form.

Rounding up all you get from the card, we see that the Citi Simplicity credit card comes with its own advantages and drawbacks.

Pros of the Citi Simplicity Credit Card

The benefits you get from the Citi Simplicity credit card are apparent. You get multiple fee waivers, which cover the first 12 months of purchases, the first 21 months of balance transfers, and a lifetime of annual fees and late payment fees.

There are no minimum income requirements on the card. You also enjoy other features like contactless payment, digital wallets, account updates through email and phone, and highly-flexible payment management options.

The Citi Simplicity credit card also comes with fraud and identity theft protection, may be additionally acquired through physical bank branches, and has customer support platforms that are available 24/7.

Cons of the Citi Simplicity Credit Card

There is hardly any downside to the Citi Simplicity credit card. However, one major obstacle for applicants is the credit score requirement. A credit score of 700 is on the high side when compared to the requirements of some of the other credit cards in the market.

Additionally, you don’t receive any rewards and are charged foreign transaction fees. Although these may be given or waived by other credit card issuers, understand that you are usually charged some of the fees the Citi Simplicity credit card waives. This creates a balance for you.

Citi Bank Address and Contact

Citi Bank is headquartered at Citi, 388 Greenwich Street, New York, NY 10013, U.S.A., with its smaller branches spread widely across the US. These branches offer quick access to Citi Bank services and number up to 2,500. The bank also manages over 72,000 ATMs across the country.

Image Source: Pexels

If you don’t wish to visit a physical branch, you may contact Citi Bank through 1-800-492-2127 or its email option.

Citi Bank Jurisdiction

As mentioned earlier, Citi Bank’s services are available to individuals worldwide. This includes individuals in North America, South America, Europe, The Middle East, Asia Pacific, Central America and the Caribbean, and 16 countries in Africa.

To monitor activities on your credit account on the go, Citi Bank also makes applications available on the Apple Store and Google Play Store. One incredible feature you will find useful in these mobile apps is the Citi Quick Lock feature, which allows you to disable the credit card immediately without contacting customer care.

Conclusion

The Citi Simplicity credit card is for individuals that want to enjoy extended periods of bonus offers without compromising experience and security. If the credit card catches your fancy, you may simply apply for it today.

Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions before agreeing to anything.

No posts to display