Citi Simplicity+: No Annual Fee Credit Card and countless benefits.
The Citi Simplicity + credit card is a card with numerous benefits, and one of its biggest positives is its easy approval. In order to get more customers, Citi is becoming more flexible and facilitating the approval of credit cards, surpassing its competitors such as AUB credit card and HSBC.
Acredit card is the last thing you should have if you wanted financial freedom or if you wanna get out of debt. However, there are instances in our lives that we have emergency expenses.
It can be alarming and hard not to be able to pay for Utility bills, buy food and groceries after having some emergency expenses. Apparently, credit cards are the fastest way to get out of a sudden spiraling financial crisis.
Citi Simplicity+ Credit Card
Citi Simplicity+ card is an entry-level interest-back credit card that allows you to get 10% interest back on interest charges. So far, this is the only credit card in the Philippines that offers this. What’s more – you don’t need to worry about your annual fees because they are free for life.
The Citi Simplicity card offers an outstanding introductory APR offer for balance transfers. You can enjoy 0% APR for 21 months on transferred balances, an arrangement that will save you a lot of money if you have high-interest debt from another card.
It has no annual fee, late fees, or penalty rates, but be aware that it charges $5 or 5% of the amount of each transfer, whichever is greater.
You can use the card in any spending category, whether it’s for shopping, dining, or drugstore purchases.
The interest-back amounting to 10% of the interest charges on your retail purchases and cash advances from the previous billing cycle will reflect on your statement.
In short, pay at least your minimum due amount on or before the required date to get 10% back on interest charges.
Advantages of Owning a Citi Simplicity Credit Card
If you have not had any Citibank credit card in the past, then you’re in for a treat. Citibank, in my personal experience (after being a Citibank credit card holder for more than a decade), is one of the best credit card companies in the country due to the following reasons.
They invest a lot of resources in improving their technology and security and I never had an issue with them yet.
If you never had a Citibank credit card yet, then Citi Simplicity may be your best bet to have a Citibank credit card due to its entry-level requirements.
Citi PayLite®
Even if Citi Simplicity is an entry-level credit card, you can still use Citi PayLite®.
Citi PayLite® is Citibank’s installment plan where you opt to pay for your purchases from 3, 6, 9, 12, 18, 24 to 36 monthly installments. This feature is open to all locally issued Citi® credit cards with good credit standing. There will be interest charges of course based on the current prevailing interest rate.
However, sometimes, there are promotions with partner establishments. Click here if you want to read the Terms and Conditions.
0% Introductory Rates
The Citi Simplicity® Card offers a 0% intro APR for 21 months on balance transfers from date of first transfer, and 0% intro APR for 12 months on purchases from date of account opening. After that, the variable APR will be 17.74% – 28.49%, based on your creditworthiness. There is an intro balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater, for transfers made within 4 months of opening the account. After that, a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, applies.
Note that the standard APR is relatively high, so it is in the cardholder’s best interest to use the introductory APR to pay down all debt during the introductory period.
Some things will help you get approval faster. With that in mind, we have put together a short step-by-step guide with important information about the review process for clearing your credit card. Let’s take a look?
First, you should pay attention when filling out the form and entering your personal data. Thus, it is very important that you correctly enter your first and last name without abbreviations.
Another important piece of information is your documents. So check all the data so that you do not enter any incorrect information.
Finally, do not lie about any of your personal information, the bank knows all the information and entering incorrect data will hurt you in the process of releasing your credit card.
To apply for your credit card, click on the button below.
