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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.
  • Our 2017 Editor's Choice pick for Best Low Introductory Credit Card.
  • This card is exclusively for those at the higher end of the credit score spectrum.

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
14.99% - 24.99% (Variable)

Full Review

Curtis Arnold Editor-in-chief

Citi Simplicity® Card - No Late Fees Ever (Citi is a CardRatings advertiser) a 0 percent intro APR for 21 months on balance transfers and purchases, one of the longest no-interest introductory APRs in our database of 500-plus 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 could be your card. It earned our 2017 Editor's Choice award for Best Low Introductory Offer based on its nearly two-year no-interest introductory period on balance transfers and purchases.

There is no annual fee with this card, but for each balance transfer a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, applies. Once the intro APR period ends, the 14.99% - 24.99% (Variable) APR, based on your creditworthiness, will kick in. 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 BankAmericard® Credit Card, Discover it® - 18 Month Balance Transfer Offer, Citi® Diamond Preferred® Card - 21 Month Intro Offer on BT and Purchases, Barclaycard Ring™ Mastercard® (This card is not currently available on CardRatings) 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 0 percent Intro APR on purchases and balance transfers for 15 months. What sets this card apart from the pack is the lack of balance-transfer fee – $0 Intro Fee on Transfers made within 60 days of Account Opening. After that, the fee is either $5 or 5 percent of the amount of each transfer, whichever is greater. It among the few cards on the market with both a long 0 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, only the Barclaycard Ring™ Mastercard® offers a 0-percent intro APR balance-transfer offer at this time (15 months for transfers made within the first 45 days).

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.

What’s your take? Share your review with our easy-to-use form below.

This page was last updated on November 01, 2017

This card compared to other balance transfer cards

Balance Transfer Intro APR
0%*
0%
0%
Balance Transfer Intro Period
21 months
15 months
18 months
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
$0 Intro fee on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater.
3% intro for 18 months
Purchase Intro
APR:
0%* intro
Period:
21 months
APR:
0%
Period:
15 months
APR:
0%
Period:
18 months
Purchase APR
14.99% - 24.99% (Variable)
15.99%-24.74% Variable 
16.15%-25.99% (Variable) 
Annual Fee
$0*
$0
$0
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%* intro
Period:
21 months
Purchase APR
14.99% - 24.99% (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 14.99% - 24.99% 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®

  • $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® Score and Credit Dashboard for free
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  • $0 Annual Fee
Credit Needed:
Excellent/Good
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  • 0% Intro APR for 18 months on purchases and balance transfers, then a 16.15%-25.99% variable APR; balance transfer fees apply
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  • Free access to your FICO® Credit Score with Wells Fargo Online®
  • Zero Liability protection for promptly reported unauthorized transactions
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions
Credit Needed:
Excellent, Good