Citi Simplicity credit cards review 2020 – Forbes Advisor

Citi Simplicity® Card vs Chase Freedom Flex℠

The Chase Freedom Flex Card offers an impressive 5% cash back on purchases of up to $ 1,500 in rotating quarterly bonus categories when activated. Plus, cardholders get 5% cash back on travel purchases made through the Chase Ultimate Rewards portal, 3% cash back on restaurant meals and drugstore purchases, and cash back 1% on all other purchases.

The Chase Freedom Flex has no annual fee and offers an introductory 0% APR on purchases for 15 months; however, the introductory APR does not apply to balance transfers. After the introductory period, the variable APR is between 14.99 and 23.74% Variable.

For those looking for an everyday shopping card with an introductory 0% APR on purchases and an attractive rewards program, Chase Freedom Flex is a great choice. Citi Simplicity remains a better choice as a balance transfer card.

Citi Simplicity® Card vs. Amex EveryDay® Credit Card*

The American Express EveryDay card works exactly as the name suggests: it allows you to earn money on daily purchases with 2 Membership Rewards points per dollar spent on purchases in American supermarkets and 1 point per dollar on all others purchases. There is also an incentive to use the card as often as possible; cardholders earn 20% more points if the card is used 20 or more times during a billing cycle. In addition, the card offers a welcome bonus: earn 10,000 Membership Rewards® points after spending $ 1,000 on qualifying purchases on the card during the first 3 months of card membership.

The Amex Everyday card also has no annual fee and offers an introductory APR of 0% on purchases for 15 months. After that, the variable APR is 12.99% to 23.99% variable APR on purchases. A great card for everyday purchases, the card is not an ideal choice for someone interested in balance transfers. For those, Citi Simplicity always wins.

Citi Simplicity® Card vs. Wells Fargo Platinum Card

The Wells Fargo Platinum card is the most similar to Citi Simplicity of the cards we compared here; it has no annual fee, no rewards program, and also offers an introductory APR of 0% for 18 months from opening the account on purchases and an introductory APR of 0% for 18 months on qualifying balance transfers.

This is where the paths diverge: The Wells Fargo Platinum APR is between 16.49% and 24.49% (variable). The lower end of this range is quite high. Although the card offers travel benefits such as travel accident insurance and roadside assistance, unless the card is used to finance a trip, there is no real incentive to choose it. rather than Citi Simplicity. Other than these travel benefits, which arguably would be best paired with a card that will reward travel purchases and provide the experiences that accompany them, the Wells Fargo Platinum offers nothing that Citi Simplicity does not.

With a lower standard rate APR after the APR launch period, Citi Simplicity might be a better bet as a balance transfer or debt management card.
histles of a rewards card.

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