The Citi Simplicity credit card charges no late fees. However, it is important to treat this credit card like any other if you don't want to pay a high interest rate.
January 20, 2006 (Press Release) --
There has been great interest in the Citi Simplicity Rewards Card with no late fees. People can't believe it. No late fees? That's right. No late fees. Russ Nauta, CEO of online credit information portal www.credit-card-outlet.com, explains how late fees are avoided with this new card. "The whole process is pretty simple. All you have to do to avoid late fees is use your card once during each billing cycle. This card is completely innovative as you don't get penalized for potential problems you could face that are out of your control. For example, postal delays during storms and processing delays. Citi is actually offering two different credit cards under their 'Simplicity' campaign, the Citi Simplicity Rewards Card and the Citi Simplicity Card."
In addition to no late fees, the Citi Simplicity Rewards Card offers a rewards program and membership into the ThankYou Network. This is how the rewards program works. Consumers earn 5 ThankYou points for every dollar spent at gas stations and drugstores for 12 months. After the first year, they receive one point for every dollar spent. They also receive 1 point for every dollar spent everywhere else. Consumers also receive 10,000 bonus points after they make their first purchase within three months of receiving their new card. These points are redeemable for a $100 gift card to one of their favorite stores or restaurants.
Both the Citi Simplicity Rewards Card and the Citi Simplicity Card offer identity theft solutions. If a consumer is ever victimized by identity theft, Citi works with all three major credit bureaus to make sure that your credit rating is not affected. They also provide a fraud monitoring service to ensure that identity theft does not occur in the first place. The difference between the Citi Simplicity Rewards Card and the Citi® Simplicity Card is that the Citi Simplicity Card comes with a lower APR, but no rewards program. Both cards boast a 0% APR for one year for balance transfers and purchases.
"I believe this is one of the most innovative credit card offers on the market," Nauta says in reference to the Citi Simplicity Rewards Card. "In my three years involved in credit information services, I haven't seen one program that offers a consumer the opportunity to earn both rewards and pay no late fees."
Despite the many great elements of these Citibank credit cards, one important element not to overlook is the potential default rate. Missing a payment or two by a couple of days will probably leave your account in good standing. However, if you do not pay your bill for 30 or more days, you may end up getting charged with a 25% or higher interest rate.
So much for the simplicity life? Not exactly. If you pay your Citi Simplicity card as you would any other credit card, you get all the convenience and value Simplicity offers.
Applications to Citi Simplicity credit cards can be found at www.credit-card-depot.com. Parts of this article reprinted with permission from Credit Card Outlet and the Apply Online Credit Card Helper Blog. Copyright 2006 Credit Card Depot Inc
In addition to no late fees, the Citi Simplicity Rewards Card offers a rewards program and membership into the ThankYou Network. This is how the rewards program works. Consumers earn 5 ThankYou points for every dollar spent at gas stations and drugstores for 12 months. After the first year, they receive one point for every dollar spent. They also receive 1 point for every dollar spent everywhere else. Consumers also receive 10,000 bonus points after they make their first purchase within three months of receiving their new card. These points are redeemable for a $100 gift card to one of their favorite stores or restaurants.
Both the Citi Simplicity Rewards Card and the Citi Simplicity Card offer identity theft solutions. If a consumer is ever victimized by identity theft, Citi works with all three major credit bureaus to make sure that your credit rating is not affected. They also provide a fraud monitoring service to ensure that identity theft does not occur in the first place. The difference between the Citi Simplicity Rewards Card and the Citi® Simplicity Card is that the Citi Simplicity Card comes with a lower APR, but no rewards program. Both cards boast a 0% APR for one year for balance transfers and purchases.
"I believe this is one of the most innovative credit card offers on the market," Nauta says in reference to the Citi Simplicity Rewards Card. "In my three years involved in credit information services, I haven't seen one program that offers a consumer the opportunity to earn both rewards and pay no late fees."
Despite the many great elements of these Citibank credit cards, one important element not to overlook is the potential default rate. Missing a payment or two by a couple of days will probably leave your account in good standing. However, if you do not pay your bill for 30 or more days, you may end up getting charged with a 25% or higher interest rate.
So much for the simplicity life? Not exactly. If you pay your Citi Simplicity card as you would any other credit card, you get all the convenience and value Simplicity offers.
Applications to Citi Simplicity credit cards can be found at www.credit-card-depot.com. Parts of this article reprinted with permission from Credit Card Outlet and the Apply Online Credit Card Helper Blog. Copyright 2006 Credit Card Depot Inc
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