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Apply online for Citi Simplicity® Card - No Late Fees EverSponsored card
About Our Ratings
Credit Needed
Excellent/Good

Citi Simplicity® Card - No Late Fees Ever Review

Pros & Cons

  • 0% intro APR on purchases and balance transfers for 21 months, the longest 0% intro APR offer we know of
  • A great card if you're looking to consolidate and get rid of existing debt without incurring high interest, or planning to make a big purchase you can take your time paying off.
  • If you accidentally miss a payment (or multiple payments), you won't be hit with gotcha late payment fees or a penalty APR increase.
  • This card is exclusively for those with Excellent credit. If you only have Good credit but still want a long 0% intro APR for 15 months on balance transfers, consider Chase Slate® which does not have balance transfer fees on balances transferred within the first 60 days of account open.

Top Features

Balance Transfer Intro APR
0%*
Balance Transfer Intro Period
21 months
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
Purchase APR
13.24% - 23.24% (variable)

Full Review

Curtis Arnold Editor-in-chief

Citi Simplicity® Card - No Late Fees Ever (Citi is a CardRatings.com advertiser) offers 0% intro APR for 21 months on balance transfers and purchases offers one of the longest zero-percent introductory APRs in our database of 500+ cards. No late fees, no penalty rate, no annual fee ever. One of the most consumer friendly, transparent cards on the market we have found.

Ready to start tackling a substantial credit card balance? Citi Simplicity® Card - No Late Fees Ever, offers a zero-percent 2016 CardRating's Editor's Choice Awardintroductory APR offer on purchases and balance transfers for 21 months (which just earned Simplicity® a 2016 CardRating's Editor's Choice Award for best balance transfer card). There is no annual fee with this card, and for each balance transfer a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater. Once the intro APR period ends, the variable APR will be 13.24-23.24 percent, based on your creditworthiness. To take advantage of the zero-percent introductory APR on balance transfers for 21 months, balance transfers must be completed within the first four months of account opening (according to the fine print), which gives you a larger-than-usual window to take advantage of this deal.

Like many of its no-frills competitors, Citi Simplicity® Card - No Late Fees Ever showed up on the market right after 2009's Credit CARD Act changed many long-standing rules in the credit card industry. As legislators forced banks to tighten up their policies around late fees and penalty APRs, Citi Simplicity® Card - No Late Fees Ever eliminated them altogether. A wave of television commercials and print ads announcing the new brand emphasized that if you're responsible enough to have qualified for a credit card in the first place, you shouldn't have to pay huge fines if you forget a bill or make a mistake.

How this card compares to other balance-transfer cards

Other top balance transfer cards include Chase Slate®, Discover it®- 18 Month Balance Transfer Offer, Citi® Diamond Preferred® Card, Barclaycard Ring™ MasterCard® and the PenFed Promise Visa® Card. Although all of these cards are great offers, your specific needs can make one offer a better choice for you.

At 21 months, Citi Simplicity® and Citi® Diamond Preferred® have the longest zero-percent balance-transfer offers currently available. So, if you need some extra time to pay off your transfer, but can finish within 21 months, these cards are tough to beat. However, if you are able to pay off your balance well before Citi’s 21-month intro period ends (or if you know it’ll take you longer than that 21-month intro period), another card might offer you more value. A couple of perks the Citi Simplicity® comes with that the Preferred Card lacks are no late fees or penalty rates – ever.

Chase Slate® is currently offering a zero-percent Introductory APR for 15 months on purchases and balance transfers. What sets this card apart from the pack is the lack of balance-transfer fee – this $0 introductory balance-transfer fee applies to transfers made in the first 60 days. After that, the fee is either $5 or 3 percent of the amount of each transfer, whichever is greater. It is the only card on the market with both a long zero-percent introductory balance-transfer rate and a $0 introductory balance transfer fee offer. On the other hand, if you lack the ability to pay off your balance within 15 months, the interest may more than offset the balance-transfer fee, so the Citi Simplicity® Card - No Late Fees Ever may be a better choice for you.

Barclaycard Ring™ MasterCard® and PenFed Promise Visa® Card are both suited for those who need more time to pay on their balance transfer. Each card offers a low ongoing rate, based upon your creditworthiness, and no balance transfer fee. However, neither have a zero-percent intro APR balance-transfer offer at this time.

Should you get this card?

Just because this card features no late fees and no penalty rate doesn't mean you can let your bill-paying routine fall apart. Like any credit card, you'll get your privileges revoked if you fail to make more than a few monthly minimum payments over the course of the year. However, if you're on a payroll cycle that doesn't always match your monthly due date, Citi Simplicity® Card - No Late Fees Ever's flexibility can keep you from racking up extra finance charges and service fees.

Therefore, if you're committed to knocking down your credit card balances over the course of the next 21 months, it's hard to find a better deal on the market right now. In fact, even after the introductory offer expires, Citi Simplicity® Card - No Late Fees Ever features relatively low variable interest rates for cardholders based on creditworthiness, with excellent credit and other factors.

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This card compared to other balance transfer cards

Balance Transfer Intro APR
0%*
0% Intro APR on Balance Transfers
0% Intro APR for 18 billing cycles for balance transfers made in the first 60 days
Balance Transfer Intro Period
21 months
for 15 months
18 billing cycles
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
$0 Intro Fee on Transfers made within 60 days of Account Opening.
3% of the amount of each transaction or $10, whichever is greater.
Purchase Intro
APR:
0%*
Period:
21 months
APR:
0% Intro APR on Purchases
Period:
for 15 months
APR:
N/A
Purchase APR
13.24% - 23.24% (variable)
13.24%-23.24% Variable 
11.24% - 21.24% Variable APR on purchases 
Annual Fee
$0*
$0
$0.00
Rates and Fees
This card is for individuals seeking an introductory rate or an average APR but not necessarily with frills.
CardRatings.com Editorial Staff

Citi Simplicity® Card - No Late Fees Ever details

Balance Transfer Intro APR
0%*
Balance Transfer Intro Period
21 months
Purchase Intro
APR:
0%*
Period:
21 months
Purchase APR
13.24% - 23.24% (variable)
Annual Fee
$0*

What Citi says about this card

  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee... EVER.
  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 13.24% - 23.24% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The same great rate for all balances, after the introductory period.
  • Save time when you call with fast, personal help, 24 hours a day - just say "representative"
  • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month.

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Apply online for Chase Slate®

Chase Slate®

  • Chase Slate named "Best Credit Card for Balance Transfers" three years in a row by MONEY Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Monthly FICO(R) Score and Credit Dashboard for free
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Credit Needed:
Excellent/Good
Apply online for BankAmericard® Credit Card

BankAmericard® Credit Card

  • 0% Introductory APR for 18 billing cycles for balance transfers made in the first 60 days, then 11.24% - 21.24% Variable APR.
  • Balance transfer fee of either 3% of the amount of the transfer or $10 (whichever is greater) applies
  • No annual fee
  • The perfect card for those seeking a simple yet convenient-to-use credit card
  • $0 Liability Guarantee, so you're not responsible for any fraudulent charges made on your account
Credit Needed:
Excellent/Good