Citi Simplicity® Credit Card with introductory APR (2024)

FAQs

What is the APR on Citi Simplicity Card? ›

Citi Simplicity^® Credit Card

0% Intro APR for 12 months on purchases from date of account opening; after that, the variable APR will be 19.24% - 29.99%, based on your creditworthiness.

Cons. The card lacks long-term value since it doesn't include a rewards program or welcome offer. The intro APR for purchases doesn't last as long as it does for balance transfers. There's a 3 percent foreign transaction fee on purchases made outside of the U.S.

Your Citi Simplicity Card approval odds are good if you have a credit score of 700+. That means you need good credit or better to have a shot at getting approved. Your approval odds for the Citi Simplicity Card will also be influenced by your annual income and existing debts.

Cards with a 0% introductory APR offer are ideal for paying down transferred debt or financing a large purchase interest-free.

Here's the average credit limit of members who matched their Citi Simplicity® Card or similar cards. The average credit limit for members who have matched with this card or similar cards is $7,958, with $3,000 being the most common.

The Citi Simplicity^® Card is issued on the Mastercard^® network and provides Cardmembers with exceptional value through its low intro APR, no late fees, no penalty rate and no annual fee - ever.

The Citi Simplicity Card credit score requirement is 700 or higher.

Yes, you can have 2 Citi Simplicity® Cards. Citibank does not limit the number of credit cards you can get, so you can be approved for more than one Citi Simplicity Card, as long as you meet the credit and income requirements for each.

Citi^® Secured Mastercard^® is an option for customers with little or no credit history and can help you build your credit when used responsibly. Unlike a debit card, Citi^® Secured Mastercard^® is a real credit card that helps build your credit history with monthly reporting to all 3 major credit bureaus.

What score model does Citi use and why is the score range different from others? There are various score models available in the marketplace. The FICO^® Score we deliver is based on data from Equifax using the FICO^® Bankcard Score 8 model. This model has a FICO^® Score range of 250-900.

Can you upgrade Citi Simplicity? ›

Citibank only allows upgrades to cards within the same card family. For example, you cannot upgrade from Citi Simplicity Card to a business card or co-branded card. If you upgrade to a Citibank card with an annual fee, the charge will appear on the new card's first monthly statement.

The only Citi metal credit card is the Citi® / AAdvantage® Executive World Elite Mastercard®, designed for frequent American Airlines flyers with good credit or better.

Penalty APRs are part of why credit card overspending can be so dangerous, as they may reach higher than 29.99% when a payment is at least 60 days late. Interest rates this high would be unthinkable in most other common lending contexts.

It's common for intro APR periods to last between six and 21 months. However, you should be careful to read the terms and conditions of your specific credit card agreement when you open any new account so you'll know exactly how long your intro APR lasts.

Carrying high balances on a 0 percent intro APR card might cause short-term damage to your credit score — but carrying those balances after the introductory APR expires creates a long-term problem. Once your zero-interest period ends, any unpaid balances will begin to accrue interest at the regular interest rate.

Citi Rewards+^® Credit Card

0% Intro APR for 15 months on purchases and balance transfers; after that, the variable APR will be 18.74% - 28.74%, based on your creditworthiness.

Pay off your balance entirely within the grace period, and you can avoid paying any interest on purchases. However, this only works if you pay off your statement balance in full each month by its due date.

Since APRs can change, you'll want to have a way of checking your credit card's APR. Log onto your credit card's website and download your most recent credit card statement. This statement should let you know your current APR and allow you to understand how it is being applied to your balance.